Nice idea on XRPUSD and there may be potential gains as you have identified by going short. XRPUSD is approaching our first resistance at 0.6153, which is similar to the level at point B where you are expecting a reversal. It is a horizontal swing high resistance with a 50% Fibonacci retracement. RSI is approaching resistance and ichmoku cloud is showing signs of bearish pressure in line with our bearish bias. Thus, we might see a potential drop. Excited to see how things develop.
Please take a look at our idea and share with us what you think.