Expect a possible momentum towards 1.0557 | 03 May 2018

Wave Analysis

Ripple pulled back upwards and is currently above the 4 hour short term level 0.8348. As long as the price remains above this level, we expect a possible momentum to the upper side and should break above 1.0557 towards 2.054 or even higher. The anticipated bullish price rally is the continuation of the previous green impulsive wave (v) and may extend beyond 1.0557. This view can only be rendered futile in case the price ends up below 0.8348, if this is the case, then a momentum towards 0.7050 will be inevitable.

Trade Recommendations:

Expect a possible moemntum towards 1.0557 or even higher.