XRP
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XRPUSD MARKET ANALYSIS

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Downtrend seems very strong in the XRPUSD pair. After brief attempts to reverse a couple of days, bulls keep dominating the market.

However, price is sitting on support right now. If you are holding XRP mid-term, a break of support should lead to a short position until trend reverses.

If you are looking forward to go long, a reversal and break trough the next resistance level could lead to 57% profit or 24% loss

Indicators show trend is far from a reversal though.
Nota
Awe should see a break of the pattern on 8/2 or 8/3
Nota
Market is starting to break the pattern, although still not a clean break.

Several altcoins are breaking the pattern and turning to range conditions while others Skyrocket. Levels suggested will secure a clear uptrend.

Positions can be now opened.

Penafian

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