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

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/53864
Published: 2026-11-11T11:13:36.000Z
Updated: 2026-11-11T11:13:36.000Z
Section: Investing

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

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.