Elliott waves crypto analysis – we may only consider a short position below the immediate trendline.

XRP –

Wave Analysis

Not much has happened on this crypto following the previous says forecasts. The price is still above the upper trendline. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside with an ultimate target at 0.76675. And on the bearish side, should the price break below the immediate trendline, then we’ll expect further momentum to the lowerside with an ultimate target at 0.25750.

Trade Recommendations:

we may only consider a short position below the immediate trendline.

101% Double the volume

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