Technical crypto analysis based on breakout – Sell XRP now towards $0.40

Sell XRP now towards $0.40
Technical Observation:
Just as in Ether and Bitcoin, XRP is currently trading below its daily pivot line$ 0.5812. Most important, Ripple is still below the two SMAs, (14, 52), and as I said previously, while the price is below these lines, the overall trend remains bearish. Thus, I advice looking for long term short positions with an ideal take profit at $0.4000. As it is, only sell positions looks more ideal compared to buying.
Technical Levels
Resistance levels
R1: 0.6045
R2: 0.6104
R3: 0.6441
Support Levels
S1: 0.5241
S2: 0.5541
S3: 0.5412
Trade Signal

Sell XRP now towards $0.40

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