Buy XRP now towards $0.8095 | 16 May 2018

Technical Observation

XRP is still bouncing around the supportive 152 Simple Moving Average. Unless there's a clear break below this SMA, especially with a big red candle, I expect a spike upwards, and should first break above $0.8095. If this should the case, then this will be the best place to buy XRP with my take profits at $1.1568, $1.5603, $ 1.9595 and $2.5089. If these lines are breached, then XRP will rise tremendously towards $5.000. On the other side, should the price break below the 152 SM, then a rally towards $0.4100 or even lower.

Trade Signal.

Buy XRP now towards $0.8095, and the next take profit at $1.1568.

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.