Elliott waves crypto analysis – Waiting for a possible buy

XRP –

Waiting for a possible buy

Wave Analysis

Ripple is currently bouncing from a 4 hour support zone 1.4134-0.4406. As long as the price remains above this level, we expect any rebound from it to mark an end to the corrective wave (b), that any clear moves to the upper side will be the unfolding of the impulsive wave (c) and should break above 0.5414 but should not go above 0.6990.. On the other side, in case the price goes below 0.4134, then we expect a momentum to the lower side with our target being 0.3 and the next target at 0.20.

Trade Recommendations:

Waiting for a possible buy signal

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