The analyst discusses XRPUSDT. The analyst notes a concerning development with the daily EMA ribbon potentially crossing, indicating a bearish signal within the week. The analyst suggests whenever the price is far from the ribbon like it is currently, it usually comes back to it, which can lead to a false cross. The yellow EMA line potentially dropping below the red EMA lines could be detrimental to the price. He infers a potential low point this week before a bounce. He draws a Fibonacci retracement from a relative low on August 3rd to a relative high August 22nd, suggesting possible support around $2.57 to $2.38 with the lowest target at $2.40. He claims the RSI is also getting familiar with this bearish area. The analyst then sets an invalidation price at 3.08 and a target of 2.55 by the end of September.