Still buying XRP towards $1.1568 | 17 May 2018

Technical Observation

XRP is slowly getting below the 152 Simple Moving Average. I went long previously when the price first touched this SMA and is still holding. My expectations is that the price should spike upwards and should break above $0.8532 to the upper side. Should the price get above $1.1568, then a spike towards $2.5089 is expected. On its way upwards, the key lines to look for include $1.5603, and $1.9595. On the contrary, should the price break below the 152 SMA, then a plunge towards $0.4100 is expected.

Trade Signal.

Still buying XRP towards $1.1568. Conservative traders can wait and buy above $1.1568 with the first take prfit 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.