XRP –
Technical observation
Ripple has been trading on a bearish bias with several retracements at the resistance zone 0.28365-0.28041.Recently there was a correction to it and price could not penetrate above it and so was rejected before rallying down. I expect another pullback to the zone followed by a rejection within it for possible bearish momentum towards 0.25249.In case of a breakout below 0.25249, wait for a correction to it confirming further bearish movements of price before you continue short with Ripple. Right now wait for the correction to 0.28365-0.28041 to re-sell Ripple towards the key support line 0.25249 even further below.
Trade signal
Wait for a correction to 0.28365-0.28041 to re-sell Ripple.
101% Double the volume
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