Just as in ETH and BTC, XRP declined steadily and is still showing signs of dropping even further. While the price is below the thee Simple Moving Averages, I expect a surge to the lower side, with an ideal take profit at $0.1020. On its way downwards, the key lines to look for include $0.25, $0.20 and $0.1321, if these lines are broken, then a rally towards 0.02 is expected or even lower. As it is on thee hourly chart, only a sell position looks ideal and can be recommended.
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.
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Imelda Maseno
Analyst of «FreshForex» company
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