Technical crypto analysis based on breakout – Remain short towards $0.10


Remain short towards $0.10

Technical Observation

XRP is still trading below the two SMAs. As I mentioned earlier last month, I expect a rally to the lower side with an ideal take profit at $0.10. So far, unless the price clearly breaks above the two SMAs, 14,52, I expect nothing but a surge to the lower side. On its way to the lower side, the key lines to look for include $0.4420, $0.4300, $0.3200 and $0.2300. Should these lines be broken, then the price will push further towards $0.10 or even lower. I may only consider a buy position should the price break above the two SMAs

Trade Recommendations:

Remain short towards $0.10

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