Cryptocurrency Ripple (XRP/USD) is trading at 0.2529. Quotes of the currency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ripple. At the moment, quotes of the pair test the average border of the bands of the indicator Bollinger Bands. A test of the level of 0.2410 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 0.2880.
Ripple (XRP/USD) forecast and analysis on October 12, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indicator bars at 0.2270. The abolition of the continuation of Ripple growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotations below the area of 0.2170, which indicates 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.
