Wait | 03 August 2018

Wave Analysis

Just as Ethereum, Ripple also traded intensely to the lower side and even went below a key level 0.4406. As long as the price remains below this level, we're waiting for a breakout below 0.4134 to pick a low risk short position with an ideal target at 0.2341. If this target is broken, then Ripple is likely to continue to the lower side towards last years lowest low 0.10. This view can only be invalidated in case the price breaks above 0.4406, if this is the case, then, we'll expect a possible momentum further to the upper side.

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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.