Cryptocurrency Ripple (XRP/USD) is trading at 0.3719. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Ripple. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.
Ripple (XRP/USD) weekly forecast on December 24 — 30, 2018
As part of the Ripple course forecast, a test level of 0.4120 is expected. Where should we expect an attempt to continue the fall of XRP/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 0.2450. The conservative sales area for Ripple is located near the upper border of the Bollinger Bands indicator at 0.4200.
Cancellation of the option to continue the decline in the Ripple rate will be a breakdown of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and the closing of quotations of the pair above the 0.4500 area. This will indicate a change in the current trend in favor of the bullish XRP/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Ripple (XRP/USD) weekly forecast on December 24 — 30, 2018 implies a test level of 0.4120. Further, it is expected to continue falling to the region below 0.2450. The conservative area for selling Ripple is located area of 0.4200. Cancellation of the option of falling cryptocurrency will make a breakdown level of 0.4500. In this case, we can expect continued growth.