Just as in Ether and Bitcoin, XRP is currently trading below its daily pivot line$ 0.5812. Most important, Ripple is still below the two SMAs, (14, 52), and as I said previously, while the price is below these lines, the overall trend remains bearish. Thus, I advice looking for long term short positions with an ideal take profit at $0.4000. As it is, only sell positions looks more ideal compared to buying.
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.
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Imelda Maseno
Analyst of «FreshForex» company
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