Still short | 25 May 2018

Technical Observation

XRP is currently trading with a neutral bias. Yesterday, Ripple pulled back slightly to the upper side but is still showing signs of plunging even further. As I said on the Thursday's analysis, unless the price clearly breaks above the three simple moving averages (14, 52, 152), long term traders should expect a surge to the lower side with the first stop being at $0.5215. If this line is breached, then a surge towards $0.2490 or even lower is expected. However, a rise above $0.8095 may push the price upwards with the next place being $1.1568.

Trade Signal.

Still short

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.