Cryptocurrency Ripple (XRP/USD) is trading at 0.1768. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Ripple. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator stripes.
Ripple (XRP/USD) forecast and analysis on July 7, 2020
As part of the Ripple course forecast, a test level of 0.1790 is expected. Where should we expect an attempt to continue the fall of XRP/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 0.1690. The conservative sales area for Ripple is located near the upper border of the Bollinger Bands indicator strip at 0.1800.
Cancellation of the option to continue the depreciation of the Ripple will be a breakdown of the area of the upper border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of 0.1900. This will indicate a change in the current trend in favor of the bullish for XRP/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.
Ripple (XRP/USD) forecast and analysis on July 7, 2020 implies a test level of 0.1790. Further, it is expected to continue falling to the area below the level of 0.1690. The conservative sales area is located is near the area of 0.1800. The cancellation of the option of falling cryptocurrency will be a breakdown of the level of 0.1900. In this case, we should expect continued growth.