Ripple is in the doldrums, dilly-dallying sideways and occasionally drifting downwards, while the altcoin should actually let it rip and develop strong upwards momentum. We expect it to get its act together and make it above the resistance at $0.5587, heading for the yellow zone between $0.7710 and $0.9060. However, there is a 48% chance that Ripple could slip below the support at $0.4173 and take a short detour to finish wave alt.(2) in yellow first before moving upwards.
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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.