XRPUSD Long-term Trend: Bearish
Distribution territories: $0.90, $1.00, $1.10.
Accumulation territories: $0.70, $0.6, $0.50.
Ripple against US dollar is still running in bearish outlook trend as it did not make a new high with no any corrective price action over a week. The market has been under a selling pressure as the pair has not been able to make a reasonable movement above the moving average 13 and moving average 50. The stochastic oscillator is still found dipping more downward at the oversold territory. 
This suggests that there is still more downward movement as price action has never been seen forming a reversal pattern in the past few weeks that the bear has taken on the market movement. A breakout below the next accumulation territory of $0.70 could extensively see it fall through, reaching accumulation territory at $0.60 and below. The market has been trending in a bearish outlook; it could also means a signal for investors to stay watchful for a possibility of taking a long entry as price might at any point in time form a reversal pattern.
