TRENDING:
BoJ Interest Rate
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Ripple: Intraday consolidation is pointing higher

Ripple: Intraday consolidation is pointing higher
Gregor HorvatGregor HorvatWavetraders

US CPI came above the expectations, which cause some USD strength as US yields moves to 2%, but the buck did not rally much. Flows quickly slowed down, most likely because inflation is not a surprise anymore so data is already priced in the markets. 

At the same time, cryptos did not see much sell-off. Looking at ripple, it can be a fourth wave consolidation with more upside potential while the market is above 0.6880.

Grega

Chart

Check more of our analysis for currencies and cryptos in members-only area. Visit Wavetraders for details!

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

More from Gregor Horvat
Share:

Editor's Picks

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC dips, ETH consolidates, XRP stalls

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC dips, ETH consolidates, XRP stalls

Bitcoin, Ethereum, and Ripple steadied on Monday after falling over 2.8%, 3.55% and 2.35%, respectively, the previous week. BTC trades below the key resistance level, ETH consolidates between the 50-day and 100-day Exponential Moving Averages.

Cardano Price Forecast: Whale buying, derivatives metrics fuel ADA rally

Cardano Price Forecast: Whale buying, derivatives metrics fuel ADA rally

Cardano is trading around $0.187 on Monday after surging more than 14% last week and breaking above a key ascending trendline. The price recovery is supported by signs of whale accumulation and strengthening derivatives metrics, suggesting further upside for ADA.

Crypto Overview: Bitcoin weakens amid Coldcard hack – ALGO, ENA sustain gains

Crypto Overview: Bitcoin weakens amid Coldcard hack – ALGO, ENA sustain gains

Bitcoin price edges lower on Monday, sliding toward $63,000 as bearish momentum resurfaces. The broader crypto market sentiment is mixed, with around 1,300 BTC stolen in the Coldcard wallet hack and the US President Donald Trump canceling strikes on Iran.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC dips, ETH consolidates, XRP stalls

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC dips, ETH consolidates, XRP stalls

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) steadied on Monday after falling over 2.8%, 3.55% and 2.35%, respectively, the previous week. BTC trades below the key resistance level, ETH consolidates between the 50-day and 100-day Exponential Moving Averages (EMAs).
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.