Technical Observation:

XRP is currently trading with an increasing bearish momentum. Since the beginning of this year, this virtual currency has been in steady downtrend and despite any attempts to gain value has resulted in failures. I expect further bearish surge and may break below $0.4240 towards $0.10. This downward rally is highly to be the case, since the price has remains confined below the three moving averages (14, 52 152) and is still rallying below them. Unless the price clearly breaks above the 152 SMA with a big green candle, I expect the value of XRP to plummet further towards $0.10.

Trade Signal.

Short XRP now towards $0.10