Technical crypto analysis based on breakout – Sellers gaining control

XRP –

Sellers gaining control

Technical Observation

XRP went lower than I expected and is now below the 52 Simple Moving Average. Other than these, the price is below the three Simple Moving Averages 152, 52, 14, and as I said earlier this month, while the price is below these SMA, I expect a surge to the lower side. Thus, Instead of a long position, I advice concentrating on short position with an ideal take profit at $0.2700. By positions can only be ideal above $0.8532, with a final take profit at $2.5089. On its way to the upper side, the key line to look for include $1.1568, $1.5603, and $1,9595.

Trade Signal.

Check for a possible sell position towards $0.2700

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