Sell XRP towards $0.23. | 28 June 2018

Technical Observation

Ripple is currently trading with an increasing bearish bias. As I stated previously, while the price is below the two SMAs, expect nothing but further bearish momentum with the next take profit being $0.4300. If you're not short already, you could wait for a break below $0.4420, then a slight retracement to the same line, to sell XRP towards last years lowest low $0.23. On the way downwards, the key lines to check for include $0.4000, $0.3500, $0.3000 and $0.2323. Should these lines be breached, then I'll expect further rally lower.

Trade Signal.

Sell XRP towards $0.23.

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.