Cryptocurrency Ripple (XRP/USD) is trading at 0.8063. 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 middle border of the Bollinger Bands indicator bars. A test of the level of 0.9050 is expected, from which one should expect an attempt to continue the fall and further development of the downward trend with the target near the level of 0.5880.
Ripple (XRP/USD) forecast and analysis on February 6, 2018
The conservative area for Ripple sales is located near the upper boundary of the Bollinger Bands indicator bars at 1.0050. The cancellation of the continuation of the fall of the XRP/USD pair 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 1.1080, 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.