Wave Analysis

During the previous trading day, ripple rallied intensely to the lower side but is still within the falling wedge formation. As we mentioned earlier, while the price is within this channel, we expect a rally to the lower side and may breakout below 0.4430 but should not go beyond last year's lowest low 0.1211. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should break below 0.4400 towards 0.1211. This view can only be invalidated in case the price breaks above the upper trend line.

Trade Recommendations:

Stll short towards 0.4420

101% Double the volume