Elliott waves crypto analysis – we’re short towards the lower trendline.

XRP –

Wave Analysis

Ripple is still rallying with the contracting wedge formation. During the previous trading day, this crypto bounced off from the upper trendline and is now heading to the lowerside, we expect the bounce 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 supportive trendline. You can still look for short positions now, but have your take profits along the lower trendline.

Trade Recommendation

we’re short towards the lower trendline.

101% Double the volume

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