Elliott waves crypto analysis – Only sell a break below 0.4429.

XRP –

Only sell a break below 0.4429.

Wave Analysis

Ripple is currently bouncing from an intraday level 0.4478. As long as this level remains intact, we’re waiting for a clear rebound sign to pick a long term long position with an ultimate target at 0.5414. Ideally, this would mean an end to the impulsive wave (v), that we’re at the verge of a corrective rally. However, should the price break below 0.4478, then we’ll be good to wait for a pullback to the just broken line to pick a low risk, long term sell position with an ultimate target at 0.10. A break below this level will push the price even further low.

Trade Recommendation:

Only sell a break below 0.4429.

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