Wave Analysis

After breaking above the short term resistance level 0.5252, Ripple has remained in an up trend, and is still pretty much bullish both on the daily and the weekly charts. Currently, the price is rallying along a supportive trend line and should extend further to the upper side. We expect a possible extension of the impulsive wave (c) to the upper side and should break above 0.7050 towards 0.8451 or even higher. This view can only be invalidated in case the price breaks below 0.9252, if this being the case, we expect further momentum towards 0.4480.

Trade Recommendations:

We're long towards 0.7050