Wave Analysis

Just as Bitcoin, Ripple continues to consolidate within a tight range not going below 0.5010 or above 0.5710. And as long as the price remains within the falling channel, we expect a tremendous decline in price and could breakout below 0.4490 towards 0.2310 or even lower. The anticipated bearish price rally is the continuation of the impulsive wave (v) and may end up below 0.2310. However, should the price break above the upper trend line, then we'll expect a possible bullish price rally towards 0.9195 or even higher.

Trade Recommendation

we're short towards 0.4490

101% Double the volume