Short XRP towards 0.5253 | 23 March 2018

Technical Observation

For a considerable amount of time now, XRP has been in a constant downtrend and is still bearish on both the lower and higher time frames. Recently, the 152 moving average attempted a swap below the 14 moving average but ended up above it within the same day, This is a strong bears dominance sign, and while the price is below these moving averages, (14, 52, 152) respectively, I expect a sharp decline with my first take profit at $0.5253, and the next at $0.2340.As it on the hourly chart above, its good to remain short with my take profit at $0.5253.

Trade Signal.

Remain short towards 0.5253

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.