Technical crypto analysis based on breakout – Buy a clear break above $0.8532

XRP –

Buy a clear break above $0.8532

Technical Observation

After an unprecedented pullback seen few days ago, XRP is still above the two Simple Moving Averages (14, 52), unless there’s a clear break below these SMA, and most importantly the key levels 0.8532-0.8095, we expect a possible momentum to the upper side with my take profit fixed at 3.0930. On its way to the upper side, the key lines to look for possible reversals include $1.2530, $1.6770, $2.1010 and $2.9490. If these lines are breached, then I expect a momentum towards $3.3730.

Trade Signal.

Buy a clear break above $0.8532 towards $3.2330

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