wait | 27 August 2018

Technical Observation

Ripple is currently trading with an neutral bias. Since the beginning of this year, XRP has been in a constant downtrend and could continue further to the lower side. As it is on the hourly chart, I'm waiting for a breakout below 0.2500 to pick a long term short position towards 0.21000. On the other side, should the price breakout above 0.36280, then this will be a good place to look for a long position towards 0.45280. O its way upwards, the key lines to look for include $0.40780, and 0.45280. If these lines are broken, then further movements upwards is expected.

Trade Recommendations:

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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.