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- Major Crypto Currencies slide lower
- Ripple dropped sharply from strong resistance
- XRPUSD looks for at least three wave decline
Looking at the major cryptocurrencies and their intraday charts, some of them may have already completed first leg A/1, while some of them can be still unfolding it. Anyway, in any case watch out for a continuation lower once current corrective rallies fully unfold, either in sub wave iv or higher degree wave B/2.
Ripple, dropped big and sharply after we noticed strong resistance and 5th wave. So, with current break below trendline, seems like we can now expect a new three-wave decline at least back to 0.78 area for wave (C) or maybe even down to 0.51 area for wave (3).
Ripple Elliott Wave Analysis Chart
Ripple Elliott Wave Analysis
![Ripple Elliott Wave Analysis Ripple Elliott Wave Analysis](https://d1-invdn-com.investing.com/content/74ddfabf6c3f92b9a3aa9494c104f88c.jpg)
Ripple Elliott Wave Analysis
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