XRP is currently trading BEARISH, since we're seeing a trade right on top of the current support level.
The more times a support level is testes, the weaker it becomes. Therefore, the current support may break and then it's a free-fall to $2.
Additionally, with the price trading UNDER the moving averages in the 4h, we can confirm a bearish sentiment from a technical indicator perspective.
With a fairly tight SL, and a modest TP, the risk is low with this short setup:
___________________
XRPUSDT
The more times a support level is testes, the weaker it becomes. Therefore, the current support may break and then it's a free-fall to $2.
Additionally, with the price trading UNDER the moving averages in the 4h, we can confirm a bearish sentiment from a technical indicator perspective.
With a fairly tight SL, and a modest TP, the risk is low with this short setup:
___________________
XRPUSDT 
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discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
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.