Elliott waves crypto analysis – On the sidelines

XRP –

On the sidelines

Wave Analysis

Ripple continues to whipsaw above and below of the level 0.8348, for a better part of this week, we’re not have a good trade on this crypto, we expected the impulsive wave c to decline towards 0.7059, but as it appears, this crypto could continue to consolidate before a clear move is seen, we’re basically waiting for a rebound from 0.7059 to pick a long position with the first target at 0.73448, and the next target at 1.0552. If the last target is taken out, then the price will continue upwards with our next ultimate target being 1.5000.

Trade Recommendations:

On the sidelines

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