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 0.4000 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 October 29 — November 4, 2018
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 0.4000. 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 the 0.3500 area, which will indicate 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.
