Cryptocurrency Ripple (XRP/USD) is trading at 1.2850. 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 bars.
Ripple (XRP/USD) forecast on September 6 — 12, 2021
As part of the Ripple course forecast, a test of level 1.2040 is expected. Where can 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 1.3950. The conservative Ripple buying area is located near the lower border of the Bollinger Bands indicator bars at 1.1040.
Cancellation of the option to continue the growth of the Ripple rate will be a breakdown of the area of the lower border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair below the 1.0620 area. This will indicate a change in the current trend in favor of the bearish for XRP/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall of the cryptocurrency.
Ripple (XRP/USD) forecast on September 6 — 12, 2021 implies a test level of 1.2040. Further growth is expected to continue to the area above the level of 1.3950. The conservative area for buying is located area of 1.1040. Cancellation of the cryptocurrency growth option will be a breakdown of the level of 1.0620. In this case, we should expect a continuation of the fall.