Elliott waves crypto analysis – Still looking for sell positions

XRP –

Still looking for sell positions

Wave Analysis

Instead of going down after a rebound from the upper trend line recently, Ripple is still rallying around the upper trend line, we expect the rebound from the upper trend line to have marked the end of the corrective wave (iv), that any clear sell signals will be signs of a bearish rally. The anticipated bearish price rally will be the unfolding of the last impulsive wave (v) but should not go beyond the 4 hour support level 0.4490. If this level is broken, then the price will likely continue to the lower side with the next ideal target at 0.132

Trade Recommendations:

Still looking for sell positions with an ideal target at 0.4450

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