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Short XRP towards $0.1043. | 30 March 2018

30 March 2018, XRP

Short XRP towards $0.1043.

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.

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Imelda Maseno
Analyst of «FreshForex» company
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