XRP –
Technical Observation
Ripple is currently bouncing from a 4 hour support zone $0.4361-$0.4531. This is a potential bullish sign, but until the price clearly breaks above the two Simple Moving Averages, I choose to remain flat temporarily. But should the price breakout above the two SMAs, and above $0.4531, then I’ll be looking for a buy position with an ideal take profit at $0.9280. On your way upwards, the key lines to look for include $0.5420, $0.7170, and $0.9280. Should these lines be broken, then further momentum towards $1.1730 is expected.
Trade Signal.
Wait for a clear buy
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!Attention!
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