Ripple XRP/USD is trading at 0.6369. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Ripple. At the moment, cryptocurrency quotes are moving near the average border of the bands of the Bollinger Bands indicator.
As part of the Ripple exchange rate forecast, a test of the 0.6780 level is expected. From where we should expect an attempt to continue the fall of XRP/USD and further development of the downward trend. The target of such a movement is the area near the level of 0.4890. The conservative area for Ripple sales is located near the upper border of the bands of the Bollinger Bands indicator at the level of 0.6790.
Ripple XRP/USD forecast for June 29, 2021
The cancellation of the option of continuing the decline of the Ripple exchange rate will be a breakdown of the upper border of the bands of the Bollinger Bands indicator. As well as the moving average with a period of 55 and the closing of the pair's quotes above the 0.7420 area. This will indicate a change in the current trend in favor of a bullish one for XRP/USD. In the event of a breakdown of the lower border of the bands of the Bollinger Bands indicator, we should expect an acceleration of the fall of the cryptocurrency.
Ripple XRP/USD forecast for today, June 29, 2021 suggests a test of the 0.6780 level. Further, the fall is expected to continue to the area below the level of 0.4890. The conservative sales zone is located near the 0.6790 area. The cancellation of the fall of the cryptocurrency will be the breakdown of the 0.7420 level. In this case, we should expect continued growth.