Elliott waves crypto analysis – Stay on the sidelines

XRP –

Wave Analysis

Ripple continues to fall systematically, always attempting a rise above 0. 7050 but ends up below it eventually, We expected this cryto to gain value earlier this month but as it appears, ripple could continue to loose value but should not go beyond 0.4521. Upwards, as long as the price remains above 0.7050, we expect an impulsive wave count towards 0.8348, and could break out higher but should not go beyond the next key level 1.0557. According to the 4 hour chart attached, its good to remain flat and wait for a clear direction.

Trade Recommendations:

Flat

FreshForex cancels commissions!

You may check other analytical reviews on FreshForex website. Source: freshforex.com.