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Short XRP towards $0.7018 | 26 February 2018

26 February 2018, XRP

Short XRP towards $0.7018

Technical Observation:

Since Friday's Forecast, XRP attempted another rise above the $0.9377 mark but ended up again below it an even lower below $0.9194. My stop loss wast triggered when the price wet above $0.9377, but I'm waiting for another sell order in case the price can sustain below $0.9194. I expect the price to plummet even further with my sell exit being $0.7018. If this is breached, then I expect a decline towards $0.10 or much lower. On the way downwards, the key lines to look for include $0.8481, $0.7018, $0.6109 and $0.4190. If these lines are broken, then a decline towards $0.10 will be the next ideal move. On the other side, if the price break above $0.9194, then I'll wait for a break above $0.9377 towards $1.000.
Trade Signal.
Short XRP towards $0.7018

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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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