Cryptocurrency Ripple (XRP/USD) is trading at 0.2074. 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 middle border of the Bollinger Bands indicator bars. A test of the level of 0.2200 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 0.1550.
Ripple (XRP/USD) forecast on October 23 — 27, 2017
The conservative area for sales of Ripple is located near the upper boundary of the Bollinger Bands indicator strip at the level of 0.2750. The abolition of the continuation of the fall of the pair XRP/USD will be a breakdown of the mid-range of the Bollinger Bands indicator bars, as well as a moving average with a period of 55 and the closing of quotes of the pair above the area of 0.2880, indicating a change in the bearish trend 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.