@morecryptoonline

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Avg. Quality

71

Success Rate

30.36

Analysis

527
Correct
160
Fail
166
Pending
201
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Correct
XRPUSDT
Short Entry 2.9499 2025-08-02 11:40 UTC
Target 2.7500 In 6 Hours Fail 3.1800
Risk/Reward 1 : 1
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Final PnL
6.78%
P/L:
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XRPUSDT
Correct
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The analysis indicates XRP's market has moved minimally over the past week. The focus remains on lower prices, targeting $2.81 and potentially $2.75. A double bottom structure is discounted as a reliable reversal signal, with potential targets at $2.81 or $2.75. From July 18 high a three-wave move down followed by a weak B wave makes the analyst expect lower prices. $2.90 acts as crucial level if broken XRP is expected to reach $2.81 to $2.75 levels. The downtrend needs to be broken to see XRP reacting bullishly. Break above $3.17 is needed to confirm a low has formed.
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