Technical crypto analysis based on breakout – Sell XRP towards 0.292


Sell XRP towards 0.292

Technical Observation:

Yesterday, Ripple failed to sustain the break above the two SMAs, (14, 52) and has now gone below the two SMAs, I expect a surge to the lower side with my take profit being $0.292. On its way to the lower side, the key lines to check for include $0.432, $0.3212 and $0.292. If these lines are breached, then a momentum towards $0.123 is expected. A buy position can only be advised in case the price breaks above the previous day;s highest high $0.5600. Technical Levels Resistance levels R1: 0.621

R2: 0.691
R3: 0.831 Pivot 0.560 Support Levels S1: 0.292
S2: 0.432
S3: 0.482 Trade Signal Sell XRP towards 0.292

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