Technical crypto analysis based on breakout – Watch for a potential buy towards $0.6303


Watch for a potential buy towards $0.6303

Technical Observation

XRP traded rapidly to the upper side and even went above the two Simple Moving Averages (14, 52). And As I said earlier, while the price is contained above these two SMAs, I expect further surge upwards and should first breakout above 0.6303 before a move further upwards is seen. On its way upwards, the key lines to check for include $0.5900, $0.6303, $0.6850 and $0.7821. On the other side, in case of a break below $0.5045, then this will be a good place to hunt for long term short positions with an ideal take profit at $0.23.

Trade Signal.

Watch for a potential buy towards $0.6303

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