Buy XRP around 0.30290 | 31 August 2018

Technical Observation

Ripple is currently trading with a neutral bias. While the price is within this wedge formation and above 0.30793, I'm waiting for a breakout above the upper trendline to look for a long position towards 0.4575. On its way upwards, the key lines to look for include 0.39690, 0.42105 and 0.4455. If these lines are broken, then further movements upwards is expected. On the other side, should the price breakout below 0.30793, then this will be a good place to look for another short position within an ideal take profit at 0.25095.

Trade Signal

Buy XRP around 0.30290

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.