Cryptocurrency Ripple (XRP/USD) is trading at 0.3218. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Ripple. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.
Ripple (XRP/USD) forecast and analysis on August 6, 2019
As part of the forecast Ripple course is expected to test the level of 0.3170. Where should we expect an attempt to continue the growth of XRP/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 0.3400. The conservative Ripple buying area is located near the bottom border of the Bollinger Bands indicator at the level of 0.3100.
Cancellation of the option to continue the growth of the Ripple rate will be the breakdown of the lower border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and the closing of quotations of the pair below the 0.2950 area. This will indicate a change in the current trend in favor of the bearish for XRP/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.
Ripple (XRP/USD) forecast and analysis on August 6, 2019 implies a test level of 0.3170. Further, growth is expected to continue to the area above the level of 0.3400. The conservative area for buying Ripple is located area of 0.3100. The cancellation of the option of cryptocurrency growth will be a breakdown of the level of 0.2950. In this case, we should expect the continuation of the fall.