Sell XRP below $0.5253 | 28 March 2018

Technical Observation

XRP continues to rally below the three simple moving averages (14, 52, 152) notwithstanding my previous week's forecast that the price could shift above the three SMAs. Unless there's a clear close above the three, especially above the 152 SMA, I expect the price to plunge further, and should break below $0.5253 towards $0.1002. On the other side, if the price should shift above the 152 SMA, then I'll be keen to look for along position now towards $1.0830. On the way to the upper side, the key lines to look for include $0.8130, $0.8900, $1.0830. A break above will push the price further to $5.000.

Trade Signal.

Sell XRP below $0.5253 towards $0.1002

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.