Cryptocurrency Ripple (XRP/USD) is trading at 2.9614. 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 are moving near the upper border of the Bollinger Bands indicator bars. A test of the level of 2.8410 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 3.4580.
Ripple (XRP/USD) forecast and analysis on January 5, 2018
The conservative buying area is located near the middle border of the Bollinger Bands indicator strip at 2.6250. Canceling the option of continuing Ripple growth will be the breakdown of the mid-range area of the Bollinger Bands indicator bars, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 2.3250, which indicates a change in the trend in favor of the bearish 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.