Ripple XRP/USD is trading at 0.8896. 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, the 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 0.9670 level is expected. Where to 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 0.6720. The conservative area for Ripple sales is located near the upper border of the Bollinger Bands indicator at 0.9680.
Ripple XRP/USD forecast for today, May 31, 2021
The cancellation of the option to continue the decline of the Ripple 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 area of 1.1020. 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 limit of the bands of the Bollinger Bands indicator, we should expect an acceleration in the fall of the cryptocurrency.
Ripple XRP/USD forecast for today, May 31, 2021, suggests a test of the level of 0.9670. Further, it is expected to continue falling to the area below the level of 0.6720. The conservative selling zone is located near the 0.9680 area. The cancellation of the fall of the cryptocurrency will be the breakdown of the level of 1.1020. In this case, we should expect continued growth.