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XRP

Ripple At Temporary Resistance

By ew-forecast
Updated
Ripple hit our projected resistance for wave d and went slightly higher, but triangle is still valid. So be aware of decline in three waves back beneath 0.20 level for wave e, where we see a completion of big bullish triangle, which means that Ripple could explode to the upside out of triangle, probably at the beginning of next year.
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Ripple declined from our projected level and showed once again that we are on the right track!
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Ripple nicely declined beneath 0.20 into wave E as we projected!! Keep in mind that wave e can be also complex, so bulls will be confirmed only above 0.30 level!
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Ripple nicely declined beneath 0.20 level into wave E as we projected in earlier updates! Wave was very sharp and impulsive, so be aware that this could still be wave A of E and we could see another decline after wave B is reached. Keep in mind that we need a break above 0.30 level to confirm completed triangle and bullish view!
Comment
Do we have completed triangle? Keep an eye on five waves up and break above 0.30 for bullish confirmation!
snapshot
Comment
Ripple finally UP! Keep an eye on 5 waves up or break above 0.30 for bullish confirmation!
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There is a possible idea because of sharply decline is that we could see more sideways price action into wave E triangle! So, not bullish yet as long as it is beneath 0.30!
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Chart PatternsclearpatternCryptocurrencyresistance_levelrippletemporaryTrend AnalysisWave Analysisxrpusd
ew-forecast
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