Technical Observation

XRP is currently trading within a strong bullish bias. This upward rally is a retracement rally and should not go past the short term resistance line $0.8270 where I'll be looking to resell it towards the weekly support line $0.3394. For almost a fortnight now, this virtual currency has been trading with an increasing bearish bias, and chances of moving lower are very high, thus, if you're not short already, you could wait for a rejection from $0.8270 to short XRP towards $0.3394 or even lower. On the way downwards, the key lines to look for include $0.8200 and $0.47200 and $0.3396.

Trade Signal.

Sell XRP at $0.8270 towards $0.3394