Elliott waves crypto analysis – We’re short towards 0.3960

XRP –

Wave Analysis

From April this year, ripple has been rallying within the falling channel formation and is not showing any signs of breaking out of it. Earlier this week, Ripple traded higher but failed to break above the upper trend line. As long as this trend line protects the upper side, we expect a rally to the lower side. We’re basically waiting for a breakout below 0.4472 to confirm a possible rally towards 0.3960 or even lower. The anticipated bearish price is the continuation of the impulsive wave (5) and may breakout below 0.3960 but should not go beyond 0.2341..

Trade Recommndations:

We’re short towards 0.3960

101% Double the volume

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