Short XRP towards $0.1043. | 30 March 2018

Technical Observation

XRP is currently trading with an increasing bearish momentum. Perfectly as I said on my other forecasts, XRP continues to gradually plummet in value and just recently the price went below a key support line $0.5190. This is a clear bears dominance signal, and unless the price breach above $0.5190, with a big green candle, This Crypto could continue to crash. This downward rally is likely to be the case, since, ever since the price went below the three Simple Moving Averages (14, 52, 152), the price has remains below these SMAs and may continue to be below them. Thus, I expect a rally lower to $0.10242.

Trade Signal.

Short XRP towards $0.1043.

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.