Long XRP now towards $1.5000 | 23 April 2018

Technical Observation

XRP is currently trading with an increasing bullish bias. In the recent past, XRP broke out above the hourly resistance line $0.8519 and is still trading above this level. This is a key line and unless its is breached to the lower side with a big red candle, I expect a surge further to the upper side with my take profit being $1.5000.. If this target is surpassed, then the price will likely continue further upwards towards $5.000. As it is on the hourly chart, I advice looking for long positions, however, should the price get below $0.8519, then I expect a rally to the lower side.

Trade Recommendation:

Long XRP now towards $1.5000

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.