Sell XRP now towards $0.5470 | 11 June 2018

Technical Observation

XRP is currently trading with an increasing bearish bias. On friday last week, XRP lost significantly and could continue loosing this week. I'm waiting for a slight retracement to the upperside to pick a short position. With this short position, I'm basically eyeing a breakout below $0.5470 to pick another short position with an ideal take profit at $0.1234. Only a break above $0.6845, may trigger a long position with a take profit at $0.7395 or even higher. As it is, only short positions can be advised.

Trade Signal.

Sell XRP now towards $0.5470

101% Double the volume

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.