Elliott waves crypto analysis – Rebuy Ripple around 0.5252

XRP –

Wave Analysis

After breaking above the upper trend line acting as the resistance to the triangular formation, ripple has been in a constant up trend and is still pretty much bullish both the on the hourly and the daily charts. The best buy place for this crypto is around 0.5252, thus, we expect a possible pullback to this level to pick a low risk buy position. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should break above the 0.7050 towards 0.8491. This view can only be rendered futile in case the price breaks below 0.5252.

Trade Recommendations:

Rebuy ripple around 0.5252 with your target at 0.7050.

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