Technical crypto analysis based on breakout – Sell XRP towards 0.335


Sell XRP towards 0.335

Technical Observation:
XRP is currently trading below its weekly pivot line $0.516. While the price is below this pivot line, I expect a surge to the lower side. This downward rally is likely to be the case since the price is not only below this pivot line, but also below the three SMAs 14, 52, 90. My Advice is to look for short positions now and have your take profit at $0.335. And should this line be broken, then the price could continue lower towards 0.23.
Technical Levels
Resistance levels
R1: 0.535
R2: 0.598
R3: 0.683
support Levels
S1: 0.335
S2: 0.425
S3: 0.455
Trade Signal
Sell XRP towards 0.335

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