XRP –
Technical Observation
After breaking above the 152 Simple Moving Average, and above the daily resistance line $0.6095, XRP puled back to the lower side and even went below this line, this is a bearish dominance sign, however, instead of looking for sell signal now, I choose to remain flat and wait for a clear sell signal. However, should the price break again above $0.8095, with a big green candle, then I may consider a long position with an ideal take profit at $3.0245 or even higher. On its way to the upper side, the key lines to look for include $1.6700, $2.8715 and $3.1730.
Trade Signal.
Buy XRP above $0.8095 towards $3.3260.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.