Technical crypto analysis based on breakout – Long XRP now towards $1.5000


Long XRP now towards $1.5000

Technical Observation

XRP is currently trading with an increasing bullish bias. In the recent past, XRP broke out above the hourly resistance line $0.8519 and is still trading above this level. This is a key line and unless its is breached to the lower side with a big red candle, I expect a surge further to the upper side with my take profit being $1.5000.. If this target is surpassed, then the price will likely continue further upwards towards $5.000. As it is on the hourly chart, I advice looking for long positions, however, should the price get below $0.8519, then I expect a rally to the lower side.

Trade Recommendation:

Long XRP now towards $1.5000

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