Wave Analysis

After breaking below the daily support level 0.4779, Ripple is currently showing signs of correcting itself to the same level. As long as the price remains below this level, we expect a possible rally to the lowerside. As it is on the daily chart, we're waiting for the current correction to end around 0.4779 to pick a long term long position with an ultimate target at 0.0438. This view can only be invalidated in case the price breaks above 0.477,. if this is the case, then ripple could be head towards last years highest high.

Trade Recommendations:

wait for a sell around 0.477

101% Double the volume