Technical crypto analysis based on breakout – Flat but look for potential buy


Flat but look for potential buy

Wave Analysis

XRP is currently trading with neutral bias. Since the onset of this week, XRP continues to plummet below the Three Simple Moving Averages (14, 52, 152) in-spite of the Thursday’s forecast that it could rally higher. This crypto seems to have gained just slightly and may continue to loose the value it gained last week. Should the price gets below the 152 SMA, I’ll expect a possible loss in value towards $0.5100. If this take profit is taken out then XRP could continue to plummet with the next take profit being $0.4445. So far, its good to remain flat.

Trade Signal.

Flat but look for potential buy while the price is above the 152 SMA

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