Short XRP now towards $0.3272 | 12 March 2018

Technical Observation

As I said on the other day's forecasts, XRP closed as bearish pin bad candle on the weekly chart. This is a clear bearish dominance candle, and while the line $0.7545 is not breached to the lower side with a big red candle, I choose to remain neutral and wait for this breakout to confirm a bearish rally towards $0.3272 or even lower. With that in mind, If you're not already in a short position, you could wait for a pullback then short, alternatively, you could wait for a break below the short term support line $0.7545 to sell this virtual currency towards $0.3272.

Trade Recommendations:

Short XRP now 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.