We're short towards 0.5252 | 28 May 2018

Wave Analysis

Ripple continues to rally within the contracting wedge formation and is still pretty much bearish both on the intraday and the weekly charts. Recently, the price went below a key level 0.4350, this is a significant level and as long as the price remains below it, we expect a possible rally towards 0.5252 or even lower. The anticipated downward rally will be the continuation of the impulsive wave (c) to the lower side and may extend beyond the 0.5252 with the next level being last year's lowest low 0.23.

Trade Recommendations:

We're short towards 0.5252