Ripple uptrend seems to be already finished . Once it broke the 1.70$ support level, this is most likely the new resistance level for Ripple . I simply expect Ripple to bounce back and forth between $1.80 and $0.80 for a while.
to add to your valid idea if it doesnt break the 1.70+ barrior it may very well go to a very strong support at 0.65$ the indicators currently are not showing this but anything is possible... These analysis are not made to spark panic and fear but merely to give an overall outlook to what the charts are saying...
Assuming a parallel channel you may have a support somewhere at 0.6-0.65 if 0.9$ support breaks.
Until now, the 1.70+ barrier is confirmed.
Your proposal is valid, a "theoretical short" is possible here but needs tighter risk management as market indecision is increasing (mixed results across the crypto maket from one day to another)
That's why I haven't marked this idea with short, even though a downtrend is visibile on the chart.