XRP is currently trading below its weekly pivot line $0.516. While the price is below this pivot line, I expect a surge to the lower side. This downward rally is likely to be the case since the price is not only below this pivot line, but also below the three SMAs 14, 52, 90. My Advice is to look for short positions now and have your take profit at $0.335. And should this line be broken, then the price could continue lower towards 0.23.
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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