Wait and rebuy Ripple around 0.6815 | 01 March 2018

Wave Analysis:

Ripple is few points below the previous day's opening price. We expect further drop in value with a halt expected to be around 0.6815 which is also a good buy place. The anticipated bearish rally is just a phase of the immediate corrective wave (2) and should not go beyond the daily support seen at 0.6815 where we'll be looking to the next impulsive wave (3) with the first target at 3.2898 and the next target at 5.000. This view can only be invalidated in case the price break below 0.6815, this being the case, we expect a possible bearish price rally towards 0.2351 or even lower.

Trade Recommendation:

Wait and rebuy Ripple around 0.6815 towards 3.2898

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.