Cryptocurrency Ripple (XRP/USD) is trading at 0.5003. Cryptocurrency quotes are trading above the moving average with a period of 55, which indicates the presence of a bullish trend for Ripple. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator. A test of the level of 0.4520 is expected, from which one can expect an attempt to continue the growth and further development of the upward trend with a target near the level of 0.6200.
Ripple (XRP/USD) weekly forecast on November 12 — 18, 2018
The conservative buying area is located near the lower border of the Bollinger Bands indicator bars at 0.4150. Cancellation of the option of continuing Ripple growth will be a breakdown of the lower boundaries of the Bollinger Bands indicator strip, as well as the moving average with a period of 55 and closing of the pair quotes below 0.4000, indicating a change in trend in favor of the bearish for XRP/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.
