Still in bears territory | 29 June 2018

Technical Observation

The price is still below the two Simple Moving Averages (14, 52), while the price is contained below these two, I expect a surge to the lower side with my long term take profit at $0.10. On the way downwards, the key lines to look for include $0.2321, $0.2531, $0.1541 and $0.145. If these lines are breached, the a decline towards my take profit, $0.10 is expected. As it is on the hourly chart, I can only recommend looking for short positions, but should the price break out above the two SMAs, then I expect a rally upwards.

Trade Signal

sell XRP now

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.