10 C
Amsterdam
28 March 2024
PumpMoonshot
Image default
News

Ripple (XRP/USD) forecast and analysis on August 6, 2020


Cryptocurrency Ripple (XRP/USD) is trading at 0.2969. 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 middle border of the Bollinger Bands indicator bars.

Ripple (XRP/USD) forecast and analysis on August 6, 2020

As part of the Ripple course forecast, a test level of 0.2780 is expected. Where can we expect an attempt to continue the XRP/USD growth and further development of the upward trend. The purpose of this movement is the area near the level of 0.3360. The conservative Ripple buying area is located near the lower border of the Bollinger Bands indicator strip at 0.2770.

Ripple (XRP/USD) forecast and analysis on August 6, 2020

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 0.2620 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 in the fall of the cryptocurrency.

Ripple (XRP/USD) forecast and analysis on August 6, 2020 implies a test level of 0.2780. Further growth is expected to continue to the area above the level of 0.3360. The conservative area for buying Bitcoin is located area of ​​0.2770. Cancellation of the cryptocurrency growth option will be a breakdown of the level of 0.2620. In this case, we should expect the fall to continue.

News Source

Related posts

Bitcoin Cash Price Prediction 2020 | 2025 | 2030 – Future Forecast For BCH Price

PumpMoonshot

Ethereum: Secret Network (SCRT) enables private transactions on mainnet

PumpMoonshot

Bitcoin Short Squeeze Is Building Up, BTC Inches Back Above $48,500

PumpMoonshot
Verified by MonsterInsights