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Ripple (XRP/USD) forecast and analysis on May 16, 2018

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Cryptocurrency Ripple (XRP/USD) is trading at 0.7311. 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 upper border of the Bollinger Bands indicator bars. A test of the level of 0.7500 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 0.6250.

Ripple (XRP/USD) forecast and analysis on May 16, 2018

Ripple (XRP/USD) forecast and analysis on May 16, 2018

The conservative area for sales of Ripple is located near the upper boundary of the Bollinger Bands indicator bars at 0.7510. Canceling the continuation of the fall of the pair XRP/USD will be a breakdown of the upper border of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of quotations of the pair above the 0.8050 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.

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