Cryptocurrency Ripple (XRP/USD) is trading at 0.2349. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Ripple. At the moment, the quotes of the cryptocurrency are moving near the lower border of the Bollinger Bands indicator bars. A test of the level of 0.2390 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 0.2160.
Ripple (XRP/USD) forecast and analysis on December 6, 2017
The conservative area for sales of Ripple is located near the upper border of the Bollinger Bands indicator strip at the level of 0.2460. Canceling the continuation of the fall of the pair XRP/USD will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotations above the area of 0.2520, which indicates a change in the trend in favor of the bullish for Ripple. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.