XRP –

Wave Analysis

During the previous trading day, ripple rallied to the lower side but is still being supported by the 4 our support level 0.4478. As long as the price remains above this level, we expect a possible momentum to the upper side. Ideally, we expect any rebound from 0.4478 to make an end to the corrective wave (b), that any clear movements to the upper side will be the unfolding of the impulsive wave (c) to the upper side and could break above 0.5414 but should not go above 0.6935 by the end of today.

Trade Recommendation:

We’re looking for a long position.

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