Ripple should continue the header it started from the high of wave (iv) in blue, diving into the turquoise zone between $0.3747 and $0.1720. To complete wave (c) in magenta, the altcoin should even sink below the support at $0.2874 before bobbing up again. There is a 35% chance, though, that Ripple could reject another bath and climb above the resistance at $0.5847 instead to develop wave alt.i in orange. In that case, we would consider wave alt.(c) in magenta to be already finished.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.