Buy Ripple towards $0.5453

Technical Observation

Yesterday, Ripple rallied lower and even went below the 52 Simple Moving Average, The price is yet to clearly break below this SMA, and unless there’s a clear break below it, I expect a surge to the upperside with an ideal take profit at $0.5463. If this take profit can be taken out, then the price will continue upwards towards $0.6333. On its way to the upperside, the other key lines to check for include $0.5165, $0.5740 and $0.6085. I may only consider a short position should the price break below $0.4250.

Trade Signal.

Buy Ripple towards $0.5453

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