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Crypto Michael Says He Closed XRP Short at $1.22, Awaits Bottom Confirmation

He characterized XRP as being at key support and said he was still waiting for evidence of a bottom.

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An unmarked silver token balances above a narrow stone ledge / TokenPost.ai
An unmarked silver token balances above a narrow stone ledge / TokenPost.ai

Crypto Michael said Monday, Nov. 9, that he had closed a short position in XRP at $1.22 and was waiting for confirmation of a bottom before buying again.

He described XRP as being at key support, but did not say a bottom had been confirmed. “We should be close,” he wrote.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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