Sell XRP towards $0.2345. | 11 July 2018

Technical Observation

XRP is currently rallying below the two SMAs. While the price is contained below these two, I expect surge to the lower side. On its way downwards, the key lines to check for include $0.4250, $0.2345 and $0.1231. If these lines are breached, then I expect a surge towards $0.01214. This downward rally is expected since the price is below the two SMAs. As it is on the hourly chart, only a sell position looks more ideal, but should the price break above $0.5463, then I expect a surge towards $0.6303 or even higher.

Trade Signal.

Sell XRP towards $0.2345.

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.