Sell XRP at $0.8270 | 22 March 2018

Technical Observation

Few years ago, XRP established a weekly resistance at $0.3394, after a breakout above it, XRP spiked higher and has not been able to pullback precisely to this line. Despite the crash seen late last year and earlier this year, the value of XRP has not been able to drop to $0.3394. I consider the line $0.3394 to be key buyers area and while it contains price above it, I remain optimistic that the price could bounce from this line. As it is on the weekly chart, I expect the current upward rally to proceed upwards towards $0.8270 before eventually dropping towards $0.3394.

Trade Signal.

Sell XRP at $0.8270 with your take profit at $0.3394