Cryptocurrency Ripple (XRP/USD) is trading at 1.0500. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ripple. At the moment, the quotes of the cryptocurrency test the upper boundary of the bands of the indicator Bollinger Bands. A test of the level of 0.9320 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the target near the level of 1.3520.
Ripple (XRP/USD) forecast and analysis on February 11, 2018
The conservative buying area for Ripple is located near the lower border of the Bollinger Bands indicator bars at 0.8000. Canceling the option of continuing Ripple growth will be a breakdown of the mid-range area of the Bollinger Bands indicator strip, as well as a moving average with a period of 55 and the closing of the pair quotes below the 0.7020 area, indicating a change in the bearish trend for XRP/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.
