Technical Observation

The Monday's candle was a perfect bullish pin bar candle closing above a key daily line $0.8096. Unless the price clearly breaks below $0.8095 with a big red candle, I expect a spike upwards with a take profit at $3.2340. On its way upwards, the key lines to look for include $1.1568, $1.5603, $1.9395 and $2.9089, if these lines are broken, then the price will likely to continue upwards towards $3.00 or even higher towards $5.000. On the other side, should the price break below $0.8095, then expect a rally towards $0.4100.

Trade Signal.

Buy XRP now towards $1.1568.