Why did $XRP recover so quickly?
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With a 4h support level and 2 previous turns, it shows that this is a more certain level and needs more liquidity or participants to sell more than the previous 2 levels. However, most recently around 8am, the buying volume was still very large.
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What could happen next?
-Currently $eth is holding its price better than BTC and atlcoin is being sold off more strongly than topcoin and XRP is also the top cap coin so it is likely that xrp will decrease very slowly in a large frame, you may see a sharp decrease. for 4 hours but is actually just sideways stronger in amplitude.
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Which side should we give priority to now?
-> Definitely short and sell because in my opinion there are still 2 more big drops coming up, probably 61k and 54k. In each phase, it will continue sideways, increasing to sweep short liquidity and continue to decrease sharply. Don't expect to hold on for a long time in futures trading because you will be bitter about losing profits and small losses. If you cut it, you will continue to follow your previous judgment.
-> Focus on holding USDT as much as possible, the possibility that USDT price can increase to 26000-26300 next month is very high.
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