Sell XRP now | 18 June 2018

Technical Observation

XRP is currently trading with an increasing bearish bias. Later last week, XRP lost value significantly and is still showing signs of falling even further. While the price is contained below the resistive Simple Moving Averages (14, 52), I expect the value ripple to continue loosing value but should be supported around last year's lowest low $0.23. In the meantime, I'm waiting for a break below $0.5045 to confirm a possible rally further lower with my take profit being $0.4950 and the next at $0.35. I will only consider a buy in case the two SMAs are breached upwards.

Trade Signal.

Sell XRP now

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.