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Wait for a clear buy | 25 July 2018

25 July 2018, XRP

Wait for a clear buy

Technical Observation

Ripple is currently bouncing from a 4 hour support zone $0.4361-$0.4531. This is a potential bullish sign, but until the price clearly breaks above the two Simple Moving Averages, I choose to remain flat temporarily. But should the price breakout above the two SMAs, and above $0.4531, then I'll be looking for a buy position with an ideal take profit at $0.9280. On your way upwards, the key lines to look for include $0.5420, $0.7170, and $0.9280. Should these lines be broken, then further momentum towards $1.1730 is expected.

Trade Signal.

Wait for a clear buy

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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.
Imelda Maseno
Analyst of «FreshForex» company
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