Technical crypto analysis based on breakout – Still in bears territory

XRP –

Still in bears territory

Technical Observation

The price is still below the two Simple Moving Averages (14, 52), while the price is contained below these two, I expect a surge to the lower side with my long term take profit at $0.10. On the way downwards, the key lines to look for include $0.2321, $0.2531, $0.1541 and $0.145. If these lines are breached, the a decline towards my take profit, $0.10 is expected. As it is on the hourly chart, I can only recommend looking for short positions, but should the price break out above the two SMAs, then I expect a rally upwards.

Trade Signal

sell XRP now

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