Cryptocurrency Ripple (XRP/USD) is trading at 0.8331. 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 0.8820 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 0.7320.
Ripple (XRP/USD) forecast and analysis on March 9, 2018
The conservative area for sales of Ripple is located near the middle border of the Bollinger Bands indicator bars at 0.9500. The abolition of the continuation of the fall of the pair XRP/USD 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 above the 1.0000 area, 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.