$XRP The so-called “rebounds” are just an excuse to distribute. The little buy-side volume isn’t enough to even prop up the rate—funding has already been driven into negative. With the basis at a discount and longs unable to even cover their ongoing position costs, what are they still putting on a show for? In the 4-hour timeframe, five of the six K-bars have been hammered downward; on the daily chart, a single large bearish candle has effectively pinned the structure in place. Don’t fantasize about a V-reversal. Follow the trend and short: at the current price 1.5052, short immediately. First target 1.4400; if it breaks through, look at 1.4000, then further down to 1.3000. Stop loss 1.5700. If price holds above, accept the loss and get out. To be honest, this drop is only just getting started.