Remain short towards $0.10 | 26 June 2018

Technical Observation

XRP is still trading below the two SMAs. As I mentioned earlier last month, I expect a rally to the lower side with an ideal take profit at $0.10. So far, unless the price clearly breaks above the two SMAs, 14,52, I expect nothing but a surge to the lower side. On its way to the lower side, the key lines to look for include $0.4420, $0.4300, $0.3200 and $0.2300. Should these lines be broken, then the price will push further towards $0.10 or even lower. I may only consider a buy position should the price break above the two SMAs

Trade Recommendations:

Remain short towards $0.10

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.