Technical crypto analysis based on breakout – Sell XRP


Sell XRP

Technical Observation:

XRP is currently trading with an increasing bearish bias. After breaking below the two SMAs, 14 and 52, Ripple has been in a constant rally to the lower side and may break below $0.4250. If you’re in a short position, you should remain short but have your take profit at $0.4250. If this take profit is taken out, then the price will continue to the lower side, with the next ideal take profit at $0.2341. On its way to the lower side, the key lines to check for include $0.4140, $0.3241, $0.3012 and $0.2314.

Trade Signal

Sell XRP with your first take profit at $0.4250

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