As it stands, my final target for XRP short positions is $0.21 per coin. This is the weekly Fib -0.27 extension level from the previous weekly fib cycle with the first high made at $0.57 and lower high at the fib 0,618 level at $0.4666.
I am looking for price to pull back to the current 4hr that I have marked on the chart with a new lower high to be made at the $0.3250 zone. This coincides with the 4hr Fib level and TL crossover.
Stop losses placed comfortably above the 0.786 level gives a R:R of over 5:1 with greater returns achievable as price makes its way to the weekly level and final target of $0.21