Crypto USD pairs are still in a heavy downtrend which i think are on the brink of accelerating faster downwards .
XRP has next to no support once 0.55 breaks , until about 0.40 and stronger support around 0.27 -0.30 .
Shorting while sitting on support isn't the smartest thing to do , so i'll be waiting for confirmation before hand . ( while watching eth/btc/ltc , it will only take 1 of them to convincingly break to send the rest down with it)
There is no need for fancy indicators or pretty lines for this trade or any of my trades really ,i keep it simple and focus on the mental aspect of trading more then anything . With crypto being perpetual cycles of fomo and fear , having the mental strength to counter them is all you need.
Should also mention we could most definitely hold here and have one more bounce back up into the 200sma , which i will be entering into if that occurs .