Technical crypto analysis based on breakout – Sell XRP now towards $0.5470



Technical Observation

XRP is currently trading with an increasing bearish bias. On friday last week, XRP lost significantly and could continue loosing this week. I’m waiting for a slight retracement to the upperside to pick a short position. With this short position, I’m basically eyeing a breakout below $0.5470 to pick another short position with an ideal take profit at $0.1234. Only a break above $0.6845, may trigger a long position with a take profit at $0.7395 or even higher. As it is, only short positions can be advised.

Trade Signal.

Sell XRP now towards $0.5470

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