Wave Analysis

Earlier this week, Ripple rallied a bit higher than expected and even went above the upper trend line acting as a resistance to the falling channel. This was a clear sign that the bulls are gaining grounds. And as long as the price is contained above this trend line and most important above 0.4130, we expect a possible momentum to the upper side. The anticipated bullish price rally should be the unfolding of a corrective three wave cycle and should break above 0.5414 towards 0.6735 or even higher.

Trade Recommendations:

We're looking for long positions

101% Double the volume