Technical crypto analysis based on breakout – Sell XRP towards $0.4950


Sell XRP towards $0.4950

Technical Observation

As I said earlier, Ripple continues to rally to the lower side while is below these SMAs, (14, 52). As it is on the hourly chart, I expect a momentum to the lower side. I went short previously and is still holding onto this position, my expectation is that the price should continue to the lower side and may end up below last year’s lowest low $0.10. On its way to the lower side, the key lines to check for include $0.5045, $0.4950, $0.3510, and $0.2512. Should these lines be breached, then a spike further to the lower side is expected.

Trade Signal.

Sell XRP towards $0.4950

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