Ripple weekly Review

Wave Analysis

Ripple is currently bouncing from a daily support level 0.4775. This is a key level and as long as the price remains above it, we expect the steep decline that has been dominating since late year to be a correction and as long as the price fails to penetrate 0.4775, we expect a possible rally to the upper side with an ultimate target at 2.8394. Should price break below 0.4775, than this will be an ideal place to pick a long term short position with your take profit around 0.0790 but should not be any lower.

Trade Recommendations:

We're looking for long positions:

101% Double the volume