Elliott waves crypto analysis – Wait for a buy above 0.6798

XRP –

Wait for a buy above 0.6798

Wave Analysis

During the previous trading day, ripple went a bit lower side than expected and is currently below a hourly support level 0.6798. This is a major level and as long as it holds the price below it, we expect a possible rally to the lower side. This downward rally should however be short term and may not go below the immediate supportive trend line. Thus, our recommendations is that, instead of going of short now, you could wait for another break above 0.6798 to confirm a possible rally upwards with our target still fixed at 0.9475.

Trade Recommendations:

Wait for a buy above 0.6798 towards 0.9475

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