Wave Analyisis

Ripple is still trading below the upper resistive trend line, and most importantly above the hourly support zone 0.4480-0.4346. As long as this support protects the lower side, we choose to remain on the sidelines, our expectations is that the price should break perfectly below 0.4346 to confirm a possible bearish momentum. The anticipated bearish price rally will be the continuation of the impulsive wave (5) to the lower side and should break below the 0.30 handles towards last year's lowest low 0.090

Trade Recommendation:

Sell ripple below 0.4346 towards 0.30