Cryptocurrency Ripple (XRP/USD) is trading at 0.4834. 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 bands.
Ripple (XRP/USD) forecast and analysis on June 21, 2023
As part of the Ripple rate forecast, a test of the level of 0.4950 is expected. Where should we expect an attempt to continue the fall of XRP/USD and further development of the downward trend. The target of this movement is the area near the level of 0.4560. The conservative area for selling Ripple is located near the upper border of the Bollinger Bands indicator bands at the level of 0.4960.
Cancellation of the option to continue the depreciation of Ripple will be a breakdown of the area 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 the pair’s quotes above the 0.5070 area. This will indicate a change in the current trend in favor of the bullish for XRP/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of the cryptocurrency.
Ripple (XRP/USD) forecast and analysis on June 21, 2023 implies a test level of 0.4950. Further, it is expected to continue falling to the area below the level of 0.4560. The conservative area for selling is located area of 0.4960. Cancellation of the option of falling cryptocurrency will be a breakdown of the level of 0.5070. In this case, we should expect continued growth.
