Technical crypto analysis based on breakout – Buy XRP above $0.8532


Buy XRP above $0.8532

Technical Observation

XRP is currently trading with a neutral bias. Despite my previous analysis that this Crypto could gain value especially after the recent bullish pin bars, XRP continues to loose value but is still above the larger 152 Simple Moving Average. , I expect a plunge towards this SMA to pick a low risk long position. Should the price fail to drop to this SMA, then its good to wait for a second rise above $0.8532 to pick a long position with the first take profit at $1.1568, and the next take profit at $1.5603. Long term traders can leave this long position open towards $2.5089.

Trade Signal.

Buy XRP above $0.8532 towards $1.1568.

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