Elliott waves crypto analysis – still expect a momntum towards the lower trendline

XRP –

Wave Analysis

Ripple is still rallying within the contracting wedge formation. We expect the rebound from the upper trendline to have marked an end to the corrective wave (D) that the current bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should break below the lower trendline further to the lowerside. This view can only be invalidated in case the price breaks above upper trendline. If this is the case, then we’ll expect a possible surge to the upperside with an ultimate target at 0.3710.

Trade Recommendations:

still expect a momntum towards the lower trendline

101% Double the volume

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