Technical crypto analysis based on breakout – Sell Ripple below 0.4265


Technical Observation:
XRP is currently trading with an increasing bearish bias momentum. In the last few days, the price went below the three SMAs and is still below these lines, while the price is below these three, I expect a surge to the lowerside. Should the price break below 0.4265, then this will be a good place to look for a long term short position with our take profit at $0.121. On its way to the lowerside, the key lines to check for include $0.3241, $0.2345 and $0.2341. If these lines are broken, then the price will continue downwards. I will only consider a long position should the price break above $0.5070.
Trade Recommendations:
Sell Ripple below 0.4265

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