XRP buyers are at 0.2565 | 02 March 2018

Wave Analysis:

XRP is still trapped below the 4 hour resistance zone $0.9373-$0.9194, I went short previously on this zone and is still holding. My expectations is that the price should continue to plummet with my take profit still fixed along the 4 hour support line $0.7165. On the way downwards, the key lines to look for include $0.8290, and $0.7165. A breach below this lines may push the price further to $0.2565. This is a good buy place and was a resistance last year, you could opt for a short position around $0.9373 and have your first take profit at $0.7165 and the next take profit at $0.2565.

Trade Signal.

Short XRP towards $0.2565

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.