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