Short XRP below $0.7580 | 14 March 2018

Technical Observation

Since the previous day's forecast, XRP has made no significant move to the lower side. And despite the bearish pin bar seen on the weekly chart last week, the price is still above the short term support line $0.7580. I'm patiently waiting for a break below this line to pick a short position with my take profit at $0.3272. On the way downwards, the key intraday lines to look for include $0.5925, and $0.4262, it is when these lines are breached that I'll be expecting a momentum towards $0.3272 and even lower to 0.0975.

Trade Signal.

Short XRP below $0.7580 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.