Elliott wave analysis of Ripple for September 6, 2021


Ripple has consolidated the rally from 0.5198 to 1.3499 during the last 4 weeks and is now ready to break out from this consolidation towards the upside for the next part for the rally towards at least 1.8854 and possibly even higher towards 2.4000 if the next rally extends. If the greed takes overhand as we see from time to time within the Crypto complex, we could see an even stronger rally towards 3.2000, but let's take it in baby steps and see what happens once resistance at 1.3499 gives away and the next rally towards at least 1.8854 gets ignited.

The material has been provided by InstaForex Company - www.instaforex.com

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