Technical crypto analysis based on breakout – Sell XRP towards $0.121.


Sell XRP towards $0.121.

Technical Observation

Just as Ether, Ripple is still rallying below the two SMAs, while the price is contained below this twi, I expect a steep surge to the lowerside with my first take profit at $0.4130, and the next at $0.2313. If these lines are clearly broken, then XRP could continue to loose value, but should not breach last year’s lowest low, $0.10. If this support contain the price it, then I’ll look for a low risk buy order with my take profit at $0.5451. If this take profit is taken out, then a rise towards $0.6433 or even higher is expected.

Trade Signal.

Sell XRP towards $0.121.

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