flat | 21 May 2018

Technical Observation

XRP continues to whipsaw above and a below the 52 Moving Average. So far, this Crpto has been trading with neutral bias, and has not established a clear direction, thus, I advice remain flat temporarily. However, should the price break above $0.8532, then this will be an ideal place to pick a long position towards $1.1568, and the next at $1.5603. If these take profits are hit, then the price is likely to surge upwards with my next take profit at 1.9595. As it is, I remain flat, however, in case of a bounce from $0.8095, then I'll be looking for short position.

Trade Signal.

Flat

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.