Short XRP now towards $0.23451 | 02 April 2018

Technical Observation

XRP is rallying with an increasing bearish momentum. Since the beginning of this year, this crypto has been in a steady downtrend and chances of rallying to the upper side is almost nil. While the price is resisted by the two Simple moving Averages, I expect a bearish momentum towards $0.2345 and may break lower towards $0.10324. As it is on the hourly chart attached, a move to the lower side seems more ideal and can safely be advised with a take profit being $0.23451. A buy can only be considered in case the price extend above the two SMAs, if this should happen, the I expect a rally towards $0.7735.

Trade Signal.

Short XRP now towards $0.23451

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.