Buy XRP at 0.6303

Technical Observation

XRP rallied low on Monday, and even went below the 14 SMA but is still above both the 52 SMA and hourly support 0.6303. Unless the price clearly breaks below the latter with a big red candle, I expect a bounce from them, to execute a perfect long position with my take profit at $0.9150. On its way upwards, the key lines to check for include $0.7055, $0.7405, $0.8455 and $0.8975. A break above these lines could push the price upwards towards $1.000. On the other side, should the price go below the 52 SMA, I expect a surge lower.

Trade Signal.

Buy XRP at 0.6303 have your take profit at $0.9150

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