Technical crypto analysis based on breakout – Sell XRP towards $0.1000


Sell XRP towards $0.1000

Technical Observation

XRP is currently trading with a slightly increasing bullish momentum. While the price is contained below the two Simple Moving Averages, I expect a surge to the lowerside with an ultimate take profit at $0.1000. On its way to the lower side, the key lines to check for include $0.3200, $0.2351, and $0.2000 . If these lines are broken, then the price will continue even lower. As it is, only a sell position, looks ideal, but should the price break above the two SMAs, then I may consider a long position towards $0.5463.

Trade Signal.

Sell XRP towards $0.1000

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