Ripple XRP/USD is trading at the level of 0.2508. Cryptocurrency is traded above the moving average with a period of 195, which indicates the existence of a bullish trend for Ripple. A level test of 0.2480 is expected, from which it is expected to continue growing with a potential target near the area of 0.2890. A strong signal in favor of the growth of the XRP/USD cryptocurrency will be a test of the lower border of the uplink, as well as a test of the support line on the indicator of relative strength index (RSI).
Ripple forecast & technical analysis on October 17, 2017
Cancellation of the variant of growth of quotations XRP/USD will fall and breakdown of the area of 0.2370, which will indicate the potential continuation of the decline and development of the bearish trend. With the breakdown of the upper border of the channel and the closing of quotations above the level of 0.3040, it is expected to accelerate the growth of the cryptocurrency.
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