Sell XRP | 08 August 2018

Technical Observation

XRP is currently trading with an increasing bearish bias momentum. In the recent past, XRP went below the three Simple Moving Averages and is still pretty much below these lines, while the price is contained below the three, I expect a spike to the lowerside with an ideal take profit at $0.10. On its way to the lowerside, the key lines to check for include $0.33, $0.23, and $0.132, if these lines are clearly broken, then a momentum towards $0.10 or even lower is expected. As it is, only a sell position looks idea.

Trade Signal.

Sell XRP

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.