XRPUSD D LONG TERM ANALYSIS August 2020 onwards

27 Tem 2020

XRP has maintained strong control of overall market price sentiment despite the downfall after a long term H&S pattern cycle from 17 May 2017 - 17 June 2017. The results show from July 2019 - July 2020 XRP price momentum remains at the upper band of descending broadening wedge pattern (Purple Lines) which shows Bull's Holding & Purchasing Power remain strong despite that is was a seller's market at the point of time (BEAR Cycle). With that being said, my valuation for XRP accumulating price is under $0.331 where the current price and state shows that it is undervalued. The range below $0.662 is a tier 2 accumulating range where the risk exposure will be slightly higher than minimal for long term investment.

At the point of writing, XRPUSD is the moving at $0.20-$0.21 range where the First Key Resistance will be $0.26-$0.27 after breaking all EMAs for D Chart. The others will be at $0.36, $0.48, $0.96 for now. Long Term Target remains at $5.00 -$6.00 range in the coming future.