Elliott waves crypto analysis – we choose to remain long with an ultimate target at 1.0551

XRP –

we choose to remain long with an ultimate target at 1.0551

Wave Analysis

Ripple is still stagnating above the shot term support level 0.8591, and is not showing signs of continuing to the upper side. As long as the price is contained above the level 0.8591, we expect a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should break above 0.9655 towards 1.0554. This view will only be rendered futile in case the price breaks below 0.8591, this being the case, we’ll expect a possible momentum to the lower side.

Trade Recommendations:

As long as the price is above 0.8591, we choose to remain long with an ultimate target at 1.0551

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