XRP –
Technical Observation
XRP is currently trading with an increasing bearish bias. Recently, the price went below all the three Simple Moving Ava rages and is still way below them, I expect further plunge and may extend below the daily support line $0.5215. If you went short with me previously, then its good to remain short on this Crypto. And expect breakout below $0.5215 to confirm a possible rally towards $0.2700 or even lower. Buy positions can only be recommended on a break above $0.8595 or a rebound from $0.5215, but as it is, only a short position towards $0.5215 is ideal.
Trade Signal.
Sell XRP now towards $0.5215.
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