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Ripple slowed down for a correction within uptrend [Video]

Gregor Horvat Wavetraders

Ripple with ticker XRPUSD is in strong and impulsive rise after we spotted a bullish break out of a larger bullish triangle pattern and there can be easily space up to 3,3 all-time highs area. We talked about that already back in 2023.

Looking at the 4-hour time frame of Ripple, we saw a nice extension higher within wave (3) and there can be space up to 3,30 all-time highs area to complete a five-wave impulse, so after current wave (4) correction that is testing 2021 highs resistance as a support, be aware of another push to the upside for (5).

XRPUSD 4H Chart

Crypto market slows down, but XRPUSD made nice and clean intraday flag pattern, an A-B-C correction in wave (4) that is testing the strong support around 2,0 area and from where we can see a bullish resumption within wave (5). Confirmation is above channel resistance line and 2,65 level.

XRPUSD 1H Chart

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Author

Gregor Horvat

Wavetraders

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

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