Sell XRP now towards $0.4245 | 06 April 2018

Technical Observation

XRP is trading with an increasing bearish bias momentum. As I said in my previous analysis, XRP has remained below the three Simple moving Averages (14, 52, 152) and is not showing any signs of gaining value. From the current set up, I expect a surge to the lower side, especially while the price is below the three SMAs, on the way to the lower side, the key lines to look for include $0.4485, $0.4245, $ 0.3541 and $0.10215. A break below this lines will push the price further to the lower side. As it is, only short positions looks more ideal and can be advised.

Trade Signal.

Sell XRP now towards $0.4245

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.