RIPPLE - Intraday Update - 12/06/20 (Short-term) Bottom Line: Subdividing higher within wave iii of (iii)
Breaking above $0.7941 is the next upside objective for the bulls. Outlook: A fifth wave rally is in its early stages.
Note: Prices can vary between exchanges, and consequently there may be differences in our chart prices due to different data sets.
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Analysis: The break above $0.7941 signals the fourth wave triangle consolidation is complete, and the move puts RIPPLE back on track to challenge the next upside hurdle. The bulls are in control while $0.2193 - wave ii - stays intact as support.