XRP is still trading with an increasing bearish bias momentum. XRP brokeout above the 52 SMA but is still below the 90SMA, and unless the price clearly breaks above the latter, I expect a surge to the lowerside with my take profit at $0.23. On it's way to the lowerside, the key lines to look for include $0.50, $0.43, $0.32 and $0.25. If these lines are broken, then a rally towards $0.10 is expected. On the otherside, should the price break above the 90SMA, then a surge further upwards.
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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