Ripple of the week 1 — 7 October 2018

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Ripple of the week 1 — 7 October 2018

Ripple XRP/USD is trading at the level of 0.6019. Quotes cryptocurrency traded above the moving average with period 55, which indicates the presence of a bullish trend in Ripple. At the moment quotes cryptocurrencies are moving near the upper border of the Bollinger bands. It is expected the test level 0.5500, where we can expect the attempt to continue growth and further development of ascending trend with the target near the level of 0.7020.

Ripple of the week 1 — 7 October 2018

Conservative area for shopping is near the middle boundary of the Bollinger bands at the level of 0.4280. The cancellation of the option of continued growth, the Ripple will be a break out region the lower boundary of the Bollinger bands and moving average with period 55 and closing of quotations of the pair below the region 0.3500, which indicates the change of trend in favor of bearish for XRP/USD. In case of breaking the upper boundary of the Bollinger bands is expected to accelerate growth.

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