Short XRP now towards $0.1021 | 05 April 2018

Technical Observation

XRP is currently trading with an increasing bearish momentum. Despite yesterday's attempt to break above the three Simple Moving Averages, (14, 52, 152)earlier today, the price went below all the three and is still rallying below them. Unless there's a clear break above 152 with a big green candle, I expect a steep drop in price with my take profit being $0.1021. On its way to the lower side, the key lines to look for include $0.4245, $0.3240, $0.2345 and 0.2000. Should these lines be breached, then I expect a rally towards $0.10.

Trade Signal.

Short XRP now towards $0.1021

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.