This is a short-term descending triangle on the 4-hour chart of 
XRP. We have two targets of the descending triangle breakdown: 1) 1316 points reaches 7655 satoshis, or 2) 13% drop reaches 7481 satoshis. We also see recent support at that zone, precisely at 7625 satoshis, from 8 November and 14 November.
However, unfortunately, the triangle is not perfect. The touches on its top are beautifully aligned but not so on the bottom. Therefore I wouldn't take the risk of shortingXRP without seeing more short-term bearish signs.
If a short is placed here, then the stop loss should be a bit over the triangle's top line. Given the volatility ofXRP and the uncertain trend, I would place it higher over at 9100 satoshis, a point which already forms a double top.
XRP. We have two targets of the descending triangle breakdown: 1) 1316 points reaches 7655 satoshis, or 2) 13% drop reaches 7481 satoshis. We also see recent support at that zone, precisely at 7625 satoshis, from 8 November and 14 November.However, unfortunately, the triangle is not perfect. The touches on its top are beautifully aligned but not so on the bottom. Therefore I wouldn't take the risk of shorting
XRP without seeing more short-term bearish signs. If a short is placed here, then the stop loss should be a bit over the triangle's top line. Given the volatility of
XRP and the uncertain trend, I would place it higher over at 9100 satoshis, a point which already forms a double top. 
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.