Buy XRP above $0.8522 | 18 May 2018

Technical Observation

Yesterday, despite the analysis forecasting that this crypto could gain value, XRP went a bit lower than I expected and even closed below the 152 Simple Moving Average. This is a bearish dominance signal, and while the price is contained below this SMA, I choose to remain bearish bias on this crypto. Ideally, instead of looking for long positions now, I'm waiting for pullbacks to the upper side to short XRP towards $0.4100. Buying this crpto now, looks a bit risky and can not be advised, only XRP above $0.8532.

Trade Signal.

Buy XRP above $0.8522 towards $1.1568

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.