Cryptocurrency Ripple (XRP/USD) is trading at 0.3624. 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 lower border of the Bollinger Bands indicator bands.
Ripple (XRP/USD) weekly forecast on December 3 — 9, 2018
As part of the Ripple course forecast, a test level of 0.4150 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 0.2650. The conservative sales area for Ripple is located near the upper border of the Bollinger Bands indicator at 0.5180.
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 a moving average with a period of 55 and closing of quotations of the pair above the 0.5320 area. This will indicate a change in the current trend in favor of the bullish XRP/USD. In case 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 3 — 9, 2018 suggests a test level of 0.4150. Further expected to continue falling into the area below 0.2650. The conservative area for selling Ripple is located area of 0.5180. The cancellation of the option of falling cryptocurrency will be the breakdown level 0.5320. In this case, we can expect continued growth.
