Sell XRP now towards $0.2310 | 12 June 2018

Technical Observation

Just as in the BTC and Ether, Ripple rallied lower and is still trading with and increasing bearish bias. Few days ago, the price went below $0.6303 and most importantly below the two Simple Moving Averages. As I said earlier last month, while the price is contained below these three, SMAs and $0.6303, I expect a surge to the lower side. Ideally, I expect a breakout below $0.5465 to confirm a possible rally further to the lower side with my next take profit being $0.2310. As it is, only short positions can be recommended.

Trade Signal.

Sell XRP now towards $0.2310

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.