Technical crypto analysis based on breakout – Buyers still charged


Buyers still charged

Technical Observation

XRP continues to rally above the three Simple Moving averages (14, 52, 152) and is not giving any indications that it could break below them. The overall trend in this crypto is bullish, thus, unless there’s a clear breach below the three SMAs, I expect surge to the upper side with my take profit being $0.9465. If this take profit is breached, then I’ll expect further momentum towards $1.500 and may stretch further to $5.000. As it is on the hourly chart attached, I choose to remain long, however, in case the price should close below the 152 SMA, then I will be looking for short positions towards $0.6495.

Trade Signal.

Long XRP now towards $1.5000 SL below $0.7865

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