There have been no significant changes in the Crypto market since yesterday. We are still looking for more downside pressure on most of the coins, but there's a chance for a slow and sideways consolidation before seeing more weakness.
Looking at the Bitcoin Dominance chart, we can see a sharp recovery back above the channel resistance line, which suggests a more significant recovery at least in three waves. Well, it seems like ALTcoins will probably stay weaker than Bitcoin in the next couple of days/weeks, so in a bear market, ALTcoins may lose more.
XRP/USD looks to have a completed (A)-(B)-(C) correction in wave 2, so be aware of a bearish continuation within wave 3 as part of a five-wave cycle, especially if the price dips below 0.75 bearish confirmation level. If it suddenly jumps back above 0.95 level, the next resistance for 2 can be in the 1.10 – 1.20 area.
