Long XRP towards $0.7870 | 16 April 2018

Technical Observation

XRP is currently trading with an increasing bullish momentum. On Friday, the price broke above the hourly line $0.5965 and is still a couple of pips above this line. Unless there's a clear breach below this line with a big red candle, and most importantly below the two Simple Moving Averages (14, 52). Thus, while the price is rallying above the SMAs and above $0.5965, I expect a surge to the upper side. On the way to the upper side, the key lines to look for include $0.6830, $0.7870 and $0.8215. If these lines are breached then I expect a spike towards $1.000

Trade Signal.

Long XRP now towards $0.7870

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.