XRP / TetherUSShort
XRPUSDT
Updated
It is strongly testing and retesting the 0.28 support and it's highly likely we'll see further downward movement to 0.22 and even lower if any major exchanges decide to delist this token. This is a risky short, so make sure to set your stop loss accordingly.
By now you probably already know XRP has been under fire by the SEC which caused it to drop from its recent high to a current low of 0.28 cents. Coinbase has planned their IPO in early 2021 and has announced that they are in a holding pattern on the suspension/delisting issue (source: ambcrypto.com/coinbase-in-holding-pattern-on-xrp-delisting-suspension/). They are however, bound to regulation, considering they are preparing for their IPO. If the case does not get dismissed or resolved in any way in favor for XRP, this may be the catalyst for the price to go down even further and we may see a new all time low.
Trade safely.
By now you probably already know XRP has been under fire by the SEC which caused it to drop from its recent high to a current low of 0.28 cents. Coinbase has planned their IPO in early 2021 and has announced that they are in a holding pattern on the suspension/delisting issue (source: ambcrypto.com/coinbase-in-holding-pattern-on-xrp-delisting-suspension/). They are however, bound to regulation, considering they are preparing for their IPO. If the case does not get dismissed or resolved in any way in favor for XRP, this may be the catalyst for the price to go down even further and we may see a new all time low.
Trade safely.
Note
OKCoin just announced it will suspend XRP trading starting jan. 4th (coindesk.com/okcoin-to-suspend-xrp-trading-and-deposits-on-january-4)Trade active
Note
Coinbase officially delisted XRP: coindesk.com/coinbase-suspends-xrp-tradingNote
See 
Trade closed: target reached
0.22 reached, ~140% profit
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