Technical Analysis

Ripple Slowed Down For A Correction Within UptrendDec 10, 2024

Ripple with ticker XRPUSD is in strong and impulsive rise after we spotted a bullish break out of a larger bullish triangle pattern and there can be easily space up to 3.3 all-time highs area. We talked about that in the last couple of months and we also shared many articles. Here is the latest on from November 15. CLICK HERE

Looking at the 4-hour time frame of Ripple, we saw a nice extension higher within wave (3) and there can be space up to 3.30 all-time highs area to complete a five-wave impulse, so after current wave (4) correction that is testing 2021 highs resistance as a support, be aware of another push to the upside for (5).

Ripple Slowed Down For A Correction Within Uptrend XRPUSD 4H Chart
XRPUSD 4H Chart

Crypto market slows down, but XRPUSD made nice and clean intraday flag pattern, an A-B-C correction in wave (4) that is testing the strong support around 2.0 area and from where we can see a bullish resumption within wave (5). Confirmation is above channel resistance line and 2.65 level.

Ripple Slowed Down For A Correction Within Uptrend XRPUSD 1H Chart
XRPUSD 1H Chart

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Ripple Slowed Down For A Correction Within Uptrend

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