Elliott waves crypto analysis – we’re short below 0.2300

XRP –

Wave Analysis

After a steep loose in value, ripple is currently bouncing from a key 4 hour support level 0.25359. Unless there’s a clear break below this level, we expect a possible rebound from this level to culminate into a possible rally to the upper side. However, should the price break below 0.25359, then this will be a good place to look for a long term long position with an ideal target at 0.23000. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower side and should break below 0.2300 but should not go below 0.21.

Trade Recommendations:

we’re short below 0.2300

101% Double the volume

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