Crypto currencies are having hard times to continue higher, so be aware of intraday corrective movement, especially after Monday's rise which is not so trustable.

Most of major Cryptos have three-wave corrective recovery only at the moment, while XRP can be unfolding a bearish triangle formation, so be aware of a continuation lower once these corrective patterns fully unfold. However, of course, any strong jump and bigger recovery would be signal that market found a temporary bottom.

As per Elliott Wave analysis Ripple, is back to lows for wave “v” of C and there can be room for more weakness, while below 0.8600 level. However, any earlier strong bounce and recovery back to 0.8600 area would be signal for a completed five-wave cycle within wave C that can be followed by another, higher degree A-B-C corrective rally.

Ripple XRP/USD 4h Elliott Wave Analysis Chart

ripple Elliott Wave

ripple Elliott Wave

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