Elliott waves crypto analysis – Wait for a clear break above 0.7050


Wait for a clear break above 0.7050

Wave Analysis

Perfectly as forecasted last week, Ripple has gained value significantly after breaking above the upper trend line. As long as the price is above 0.4450-0.4148, and most importantly above 0.5252, we expect a rally to the upper side, yesterday, the price hit our target at 0.7050 and is still rallying around this level, we’re waiting for a clear breakout above it to confirm a possible rally further to the upper side. The anticipated bullish price rally will be the continuation of the impulsive wave (c) to the upper side with our next target being 0.8454.

Trade Recommendtions:

Wait for a clear break above 0.7050

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