Elliott waves crypto analysis – Buy a break above 0.8435

XRP –

Buy a break above 0.8435

Wave Analysis

During the previous trading day, the impulsive wave (c) extended significantly to the upper side and is still pretty much bullish both on the longer and the lesser time frames. During this trading day, and in the next few days, we expect the impulsive wave (c) to stretch further to the upper side and should break above 0.8435 towards 1.0505 or even higher. This week, this crypto has been rallying with a bullish bias, and therefore chances of declining in value is very slim, therefore, we’re waiting for a break above 0.8435 to pick a long position towards 1.0505.

Trade Recommendations:

Buy a break above 0.8435 towards 1.0505

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