Just as in Ethereum and Bitcoin, Ripple broke out above the upper trend line but is yet to show any clear moves to the upper side. Rather, this crypto continues to correct itself to the lower side but is still above the 4 support level 0.4348. As long as the price remains above this level, we expect a possible momentum to the upper side. Ideally, we expect any clear rebound from this level to have marked an end to the corrective wave (b), that any clear move to the upper side is the continuation of the impulsive wave (c) and should break above 0.5385 but should not go beyond 0.7435.
We’re looking for a long position towards 0.5385.
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