Quick daily chart on what is a likely scenario in XRP. Descending Triangle with bearish momentum continuation pattern. Death Cross on daily chart where 50 MA crosses 200 MA. Prepare for another leg down, possibly last one before slowly consolidating into bull market, but this one may come will full bear force.
Comment:
As crazy as it sounds, I am still in all my short positions. Underwater of course at the moment :/ But holding on and still believe in lower targets. Low leverage is the key here! If this shall be indeed the new bull run and we keep pumping, then I will add to my shorts at significant higher prices to improve my entry point and will look to break even. Far away from liquidation so no worries here. (Current price: 0.411)