Ripple XRP/USD is trading at 1.0279. Cryptocurrency quotes are trading above the level of the moving average with a period of 55. This indicates the presence of a bullish trend for Ripple. At the moment, the cryptocurrency quotes are moving near the upper limit of the Bollinger Bands indicator bands.
As part of the Ripple exchange rate forecast, a test of the 1.9620 level is expected. Where to expect an attempt to continue the growth of XRP/USD and further development of the upward trend. The target of this movement is the area near the level of 2.2150. The conservative buying area for Ripple is located near the lower border of the Bollinger Bands indicator at 0.7650.
Ripple XRP/USD trading forecast for June 2, 2021
The cancellation of the option to continue the growth of the Ripple rate will be a breakdown of the lower 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 below the 0.7420 area. This will indicate a change in the current trend in favor of a bearish one for XRP/USD. In the event of a breakdown of the upper 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, June 2, 2021 suggests a test of the level of 1.9620. Further growth is expected to continue in the area above the level of 2.2150. The conservative buy zone is located near the 0.7650 area. The cancellation of the growth option of the cryptocurrency will be the breakdown of the level of 0.7420. In this case, we should expect the fall to continue.