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