Ripple Rallies | Investing.com

May 7, 2021 Editor Ripple 0

  • Coin Market is making higher rally in the last 24 hours 
  • (XRP) may test previous high or even higher 
  • Intraday Pullbacks or breakouts give opportunity to join the rally 

Coin market is rising higher in last 24 hours with 5.12%, 27.27%, 99.80%, XRP/USD 17.39% 
  
From an Elliott Wave Analysis approach, Ripple Coin bounced after a corrective movement in wave B/2. Recent higher move seems like wave C/3. XRP/USD, the fifth largest cryptocurrency, can retest the previous highs as part of wave C. And a higher breakout above 2.0 indicates impulsive confirmation for wave 3.  

Any intraday corrections or breakout higher will give the bulls opportunity to join the massive rally.  
  
Ripple, 4h Elliott Wave Analysis Chart. 

XRPUSD 4h Elliott Wave Analysis Chart

XRPUSD 4h Elliott Wave Analysis Chart

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