Ripple is correcting in an ABC pattern. Currently it is going down in the third wave of Wave C which could take it down to between 62-70 cents where the correction is expected to complete.
Note: It is not looking good at the moment as neither the 50 day EMA nor the 200 day MA offered any support. Therefore, it is possible that it could move down further as all of this correction we have seen could be labelled as Wave A but we will cross the bridge when we come to it.
Note: It is not looking good at the moment as neither the 50 day EMA nor the 200 day MA offered any support. Therefore, it is possible that it could move down further as all of this correction we have seen could be labelled as Wave A but we will cross the bridge when we come to it.
Trade closed: target reached
