Ripple is moving slowly and appears to be pausing within the broader downtrend. The current price action may be forming a triangle pattern, which could lead to one more move lower. Key support stands near the $1 level, where a stronger rebound could emerge.

Become a premium member
Get daily Elliott Wave updates for US Single Stocks, SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.