Ripple Approaches 0.618 – 0.786 Fibonacci Retracement Levels

Ripple () made a bigger recovery, but we still see it as a correction, probably as part of wave B of (C), so be aware of a reversal down again, ideally here around 0.618-0.786 Fibonacci retracement.

However, even if a higher degree wave (C) is completed labeled as ALTernate count and if current recovery is already wave (D), then we still need to see another, maybe final slow down for wave (E).

Ripple Daily Elliott Wave Analysis #1

ripple Elliott Wave

Of course, at this stage we also must consider COUNT #2, where XRP can be already unfolding impulsive five waves up if manages to stay above strong trendline

Ripple Daily Elliott Wave Analysis #2

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.