Technical Observation

Since the price went above the three Simple Moving Averages on 11th April this year, XRP has remained above these Moving Averages and is not showing any signs of going below them. This is a clear signs that the bulls are charged and that further upward rally is imminent. Unless the price clearly breach the three SMAs and most importantly the 152 SMA, I expect a surge to the upper side. On its way to the upper side, the key lines to look for include $0.8060, $0.8260 and $0.9212 and $1.000. If these lines are broken, then XRP could rise to somewhere around $5.000 by the end of this year alone.

Trade Signal.

Long XRP towards $0.8260