XRP / TetherUSShort
$XRP short PRRRINTING. At crucial support, G-pocket next, likely
XRP short position printing nicely, I'm just posting the updated charts with one addition on the 4-hour chart.RSI has entered oversold territory (below 30), and seems to be forming a Double Bottom precisely where I expected the last line of Defense (cluster of support: 200 MA, Fib 0.5 and the ascending trendline).
Losing this means that the Golden Pocket should get revisited next, to put it simply. That's my TP2.
How much lower could
XRP fall short-term, that remains to be seen.Monitoring this altcoin collapse instead of resting, not a great way to spend a Sunday👽💙
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.