Elliott waves crypto analysis – Still short towards 0.4490

XRP –

Still short towards 0.4490

Wave Analysis

During the previous week, Ripple bounced off from the upper trendline, headed to the lowerside and is still pretty much bearish. As we mentioned on our previous , as long as the price is contained within the falling channel, we expect a possible extension to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should first break below 0.4490 before a move further to the lower side is seen. If this is the case, then we’ll wait for a break below 0.4134 to confirm that the price will continue lower.

Trade Recommendation.

Still short towards 0.4490

101% Double the volume

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