Buy Ripple towards $0.5453 | 20 July 2018

Technical Observation

Yesterday, Ripple rallied lower and even went below the 52 Simple Moving Average, The price is yet to clearly break below this SMA, and unless there's a clear break below it, I expect a surge to the upperside with an ideal take profit at $0.5463. If this take profit can be taken out, then the price will continue upwards towards $0.6333. On its way to the upperside, the other key lines to check for include $0.5165, $0.5740 and $0.6085. I may only consider a short position should the price break below $0.4250.

Trade Signal.

Buy Ripple towards $0.5453

101% Double the volume

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.