Elliott waves crypto analysis – Buy Ripple above 0.6796

XRP –

Buy Ripple above 0.6796

Wave Analysis

Even after breaking above the upper trend line acting as the resistance to the falling wedge formation, Ripple is still not showing any signs of rallying higher. In fact, the price pulled back lower and is now rallying below 0.6795. This is a significant level and while the price is below it, we recommend remain flat but wait for a rise above 0.6796 to pick a long term long position with an ultimate target at 0.9470. If this target is broken, then we’ll be good to remain long with our next target at 1.000 or even higher.

Trade Recommendations

Buy Ripple above 0.6796 towards 0.9470

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