Technical crypto analysis based on breakout – Sell XRP towards 0.25


Sell XRP towards 0.25

Technical Observation:
XRP is still trading with an increasing bearish bias momentum. XRP brokeout above the 52 SMA but is still below the 90SMA, and unless the price clearly breaks above the latter, I expect a surge to the lowerside with my take profit at $0.23. On it’s way to the lowerside, the key lines to look for include $0.50, $0.43, $0.32 and $0.25. If these lines are broken, then a rally towards $0.10 is expected. On the otherside, should the price break above the 90SMA, then a surge further upwards.
Technical Levels
Resistance levels
R1: 0.681
R2: 0.734
R3: 0.81
Support Levels
S1: 0.521
S3: 0.611
Trade Signal
Sell XRP towards 0.25

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