Ripple XRP Elliott wave analysis Ripple price prediction 25 Jun 2018
Ripple is heading back to 50 cents following an expected bullish move. The following 25-26 June Ripple price prediction looks at XRPUSD based on Elliott wave theory.
Ripple found its way below 50 cents at the closing end of last week. The Crypto market has been bearish this month. With some days left to the end of the month, will the digital currencies recover some of these loses? Will Ripple cross back above 50 cents up to 60 cents or there will be lower prices? In the past updates, we discussed about the similarities in corrective patterns seen in all the major Crypto currencies since their all-time-highs. We also discussed that the bearish correction might be in the last stages. Right now, it's not clear enough if the bearish correction has ended. However, a bullish correction is very much likely at least. The chart below was used in the last update.
Price is breaking below $0.5. The next target is $0.44 and $0.42 as the impulse wave complete the last leg. In the coming updates, we shall look at how far price has progressed. We shall also identify any reversal pattern and discuss about how price should behave for a large bullish move. We should most likely have a early parts of next month bullish.
The wave count extended to 0.44 to complete the 5th wave of the impulsive leg.If price rallies back to $0.5, we should see the bullish correction continue to $0.6. The rally, if corrective, could mean that price would see lower prices than $0.4 afterwards. If the rally is impulsive and extends above $0.7, we might see a total recovery and price going back above $1. The Crypto market might recover totally in the second half of the year just like how prices dropped in the first half of last year and rallied massively in the second half. Stay tuned for the next update.
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