Ripple is making a correction within uptrend, as we see it slowing down in wave 4 from Elliott wave perspective.
Ripple with ticker XRPUSD is finally breaking higher in the 4-hour chart in an impulsive fashion. And, now that is back above September 2022 highs, there’s a high probability it’s in wave (3) of a five-wave bullish impulse. Well, currently we see it slowing down within wave 4 correction before the uptrend for wave 5 of (3) resumes. Ideal support comes here in the 0.48 – 0.44 zone. Once a correction fully unfolds, be aware of a bullish continuation up to 0.70 area or higher.
Not sure if you noticed, but yesterday we had a live webinar, in which we covered ETH and BTC, so check the recording below if you are interested.
Become a member
Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.
Register here 1st month only 20€. Offer expires in 2 days
Crude Oil Ready To Resume Higher After Corrective Set-back. Check our chart HERE