XRP –
Technical Observation
In the recent past, Ripple bounced off from the supportive trendline and is still pretty much above this line. While the price is contained above this line, I expect a surge to the upperside with my take profit along the upper resistance trendline. Should this line get broken to the upperside, then I’ll expect a surge further upwards with my next ideal take profit at $$0.55400. On the otherside, should the price break below the lower supportive trendline, then I’ll wait for a retracement to the just broken line to pick a sell position towards $0.2310.
Trade Signal.
Long Ripple towards the upper trendline.
101% Double the volume
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