Technical crypto analysis based on breakout – Buy XRP above $0.8522


Buy XRP above $0.8522

Technical Observation

Yesterday, despite the analysis forecasting that this crypto could gain value, XRP went a bit lower than I expected and even closed below the 152 Simple Moving Average. This is a bearish dominance signal, and while the price is contained below this SMA, I choose to remain bearish bias on this crypto. Ideally, instead of looking for long positions now, I’m waiting for pullbacks to the upper side to short XRP towards $0.4100. Buying this crpto now, looks a bit risky and can not be advised, only XRP above $0.8532.

Trade Signal.

Buy XRP above $0.8522 towards $1.1568

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