Technical crypto analysis based on breakout – Buy XRP above $0.5615

XRP –
Buy XRP above $0.5615
Technical Observation:
After an attempt break below the two SMAs, Ripple has recovered and is now above the two. As I stated previously, I expect a surge upwards with the first ideal take profit being $0.6301. If this line is breached upwards, then I’ll expect a surge further upwards with the next take profit at $0.7040. Conservative traders should wait for a clear break above $0.5615 to long XRP towards $0.6301. Sell positions can be advised below $0.5045
Technical Levels
Resistance levels
R1: 0.612
R2: 0.691
R3: 0.832
Pivot
0.565
Support Levels
S1: 0.291
S2: 0.436
S3: 0.488
Trade Signal

Buy XRP above $0.5615 towards $0.6301

101% Double the volume

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