Technical crypto analysis based on breakout – Long XRP towards $1.000


Long XRP towards $1.000

Technical Observation

While the two Simple Moving Averages (14, 52) are still rallying with the price, the last 152 SMA is way below the price. Unless there’s a clear breakout below the lower 152 SMA with a big red candle, I expect a possible momentum to the upper side. On it’s way to the upper side, the key lines to look for include $0.6800, $0.7085, $0.8500 and $0.9521. If these lines are breached, then the price will likely to continue to the upper side with the next take profit at $1.3214. On the contrary, should the price break below the 152 SMA, then I’ll expect a spike towards $0.4810.

Trade Signal.

Long XRP towards $1.000

FreshForex cancels commissions!

You may check other analytical reviews on FreshForex website. Source: