Cryptocurrency Ripple (XRP/USD) is trading at 1.3450. 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 bands of the Bollinger Bands indicator. A test of the level of 1.5650 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 1.1050.
Ripple (XRP/USD) forecast and analysis on January 23, 2018
The conservative sales area for Ripple is near the upper boundary of the Bollinger Bands indicator strip at 1.6770. 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 quotes above the area of 1.8560, 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.