Buy XRP above $0.8095 | 02 May 2018

Technical Observation

XRP is currently trading with an increasing bullish momentum. The price is currently trading around the 14SMA, above the 52 SMA but is yet to clearly break above the 152 SMA. I expect surge to the upperside but should first break above the 152SMA. On its way to the upper side, the key lines to look for include $1.1090, $1.9610, $2.9490 and $3.2330. If these lines are breached, then I expect a surge towards the $5.000 handle, as it is on the daily chart, I expect buyers to dominate unless the price goes below $0.8095.

Trade Signal.

Buy XRP above $0.8095 towards $3.0930

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.