Sell below $0.42454

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

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