Elliott waves crypto analysis – Rebuy a bounce from 0.7050

XRP –

Rebuy a bounce from 0.7050

Wave Analysis

Few days ago, Ripple broke above 0.8348, consolidated above this level, and has now gone below it again, as long as the price remains below this target, we expect a decline towards 0.7050, if this target is broken, then the value of ripple will likely continue lower towards this year’s lowest 0.4348, if this low is violated, then the value of Ripple could approach last years lowest low 0.1021. This perspective is for long term traders, however, if you’re an intraday trader, then look for a potential short term buy upon a rebound from 0.7050, on a break above 0.8348.

Trade Recommendations:

Rebuy a bounce from 0.7050 towards 1.0965

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