Technical crypto analysis based on breakout – Wait for a clear buy position

XRP –

Ripple Weekly review

Technical Observation:

Ripple is currently bouncing from a supportive trendline. This crypto has been rallying with a neutral bias, and while the price is contained above ths trendline, I’m waiting for a clear bpunce signal to pick a long position with an ideal take profit at 0.52430. On its way to the upperside, the key lines to check for include $0.45530, $0.48890, and $0.50490. If these lines are broke, then further momentum towards $0.59310 is expected, I will Only consider a short position should the price break below 0.42470.

Trade Signal

Wait for a clear buy position

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