take profit at 0.7165 | 01 March 2018

Technical Observation:

XRP is still within the sellers zone ($0.9373-$0.9194). I went short previously while the price was bouncing from this zone and is still holding, my expectations is that the price will continue to decline, especially after a third attempt to reach the just mentioned zone, towards $0.7165. While the price is below $0.9373, only short positions look more ideal and can be recommended, however, if the price zone break above ($0.9373-$0.9194), then I'll be waiting for a pullback to the just broken zone to buy XRP towards $1.1765. On the way upwards, the key lines to look for include $1.0330, $1.1300 and 1.2320.

Trade Signal.

Sell XRP around $0.9373 have your take profit at 0.7165

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.