Cryptocurrency Ripple (XRP/USD) is trading at 0.4530. 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 middle border of the Bollinger Bands indicator. A test of the level of 0.4250 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 0.5750.
Ripple (XRP/USD) weekly forecast on November 5 — 11, 2018
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 0.4250. Cancellation of the option of continuing Ripple growth will be a breakdown of the lower boundaries of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and closing of the pair quotes below the 0.3800 area, 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.
