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Wait | 09 July 2018

09 July 2018, XRP

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Technical Observation:
Few days ago, Ripple attempted a rise towards 0.5165, but ended up not breaking above it. The price is currently rallying below this line and above the two SMAs, I’m waiting for either a break above 0.5165 to pick a long position, or a break below the two SMAs to pick a short position with an ultimate target at 0.42160. If you’re not already in any position, you could wait for these breakouts. The best place to sell ripple is below $0.4260, but have your take profit at 0.23412.
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Imelda Maseno
Analyst of «FreshForex» company
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