Short XRP towards $0.3272 | 08 March 2018

Technical Observation:

On the weekly chart attached, XRP is currently trading win an increasing bearish bias. If the current weekly candle can close below $0.8189, then this will be a possible confirmation that the price will continue to plummet with buyers being at $0.3272. Either you're short or flat, alternatively, you could wait for price to bounce from $0.3272 to buy XRP towards $3.38. On the way upwards, the key lines to look for include $1.4160, $2.7300, and $3.2205. It is when these lines are breached that I'll be expecting a momentum towards 3.38.

Trade Signal.

Short XRP towards $0.3272

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.