Sell XRP towards $0.4250 | 10 July 2018

Technical Observation

XRP is currently trading with an increasing bearish bias. Yesterday, Ripple rallied lower and is still showing potential signs of rallying even lower. One thing is clear from this chart, the price is below the two SMAs and also below a key line $0.4745. These are two significant lines and while the price is below this lines, I expect a surge to the lower side. If you're not already in a short position, you should wait for retracements towards $0.4870 to pick a short position with your take profit at $0.2310.

Trade Signal.

Sell XRP towards $0.4250

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.