Sell below $0.42454 | 07 August 2018

Technical Observation

Yesterday, XRP broke out below the 4 hour support line it established few days ago. This support 0.42454, is a key line and while the price is below this line, I expect a spike to the lowerside. On its way downwards, the key lines to check for include $0.121. On its way to the lowerside, the key lines to check for include $0.40, $0.35, $0.30 and $0.23. If these lines are broken, then an acceleration towards $0.10 is expected. On the other side, should the price break above $0.42454, then this will be an ideal place to look for a long position.

Trade Signal.

Sell below $0.42454

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.