We're short towards 0.4490. | 21 June 2018

Wave Analysis

few days ago, XRP went below a key support level 0.5414 and is still pretty much below this level. Even most important, Ripple is still rallying within the falling channel formation and is not showing signs of breaking out of it. At the moment, we're expecting a rise towards the upper trend line to pick another short position. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and may breakout below 0.4780 but should not go beyond the weekly support level 0.230. If this is broken, then a momentum towards 0.10.

Trade Recommendations:

We're short towards 0.4490.

101% Double the volume

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.