Cryptocurrency Ripple XRP/USD is trading at the level of 0.2993. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ripple. At the moment, Ripple quotes are testing the upper boundary of the Bollinger Bands indicator bars. The correction of the cryptocurrency quotes near the level of 0.2730 is expected, where again we should expect an attempt to continue growth and further development of the bullish trend in the Ripple cryptocurrency with the target of growth near the level of 0.3360.
Ripple forecast XRP/USD on June 21, 2017
The conservative area for buying Ripple is located near the lower border of the Bollinger Bands indicator strip at the level of 0.2350. Canceling the option of continuing the growth of the XRP/USD cryptocurrency will be a breakdown of the moving average region with a period of 55, as well as the lower boundary of the Bollinger Bands indicator bars and the closing of the Ripple quotations below the area of 0.2200, which indicates a trend reversal in favor of the bearish on XRP/USD. In the event of a breakdown of the upper boundary of the Bollinger Bands, it is expected to accelerate the growth of the crypto currency in the area above the level of 0.3360.
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