Elliott waves crypto analysis – Short Ripple towards 0.4490

XRP –

Short Ripple towards 0.4490

Wave Analysis

After a recent rebound from the upper trend line, Ripple has been in a constant down trend. We expect the rebound from this trend line to have marked the end of the corrective wave (iv), that the current movements to the lower side is the unfolding of the impulsive wave (v) and may break below 0.4450 but should not go below 0.3000. At the moment, only sell positions looks more ideal, however, should the price rebound from 0.4490 or break above the upper trend line, then we will consider a long position towards 0.6800.

Trade Recommendations:

Short Ripple towards 0.4490

101% Double the volume

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