Technical crypto analysis based on breakout – Short XRP now towards $0.10


Technical Observation

On Wednesdat this week, Ripple dropped significantly to my direction and may continue. So far, the price is protected from rallying upwards by the three Simple Moving Averages (14, 52, 90), and unless the price clearly breach these three SMAs, I expect the value of XRP to plummet further and may head towards last year’s lowest low $0.012. Thus, I highly advocate for a short position now, on your way downwards, the key lines to look for include $0.5495, $0.4523 and $0.23, if these lines are broken, then a rally towards $0.10 is expected.

Trade Signal.

Short XRP now towards $0.23.

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