Cryptocurrency Ripple (XRP/USD) is trading at 0.8050. 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 level 1.0020 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 0.4800.
Ripple (XRP/USD) forecast on March 12 — 18, 2018
The conservative area for Ripple sales is located at the upper border of the Bollinger Bands indicator bars at 1.0080. The abolition of the continuation of the fall of the pair XRP/USD will be a breakdown of the upper boundary 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 1.3050 area, indicating 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.