The price of Ripple quoted to the Dollar set a new local high at 3.317, just below 100% Fibo at 3.414, followed by a downward 50% retracement of the previous upward impulse. Level 2.47 will therefore now act as support for bulls.
From the perspective of the Elliott Wave Theory, the current growth cycle may not have finished yet, as the alternative counter (in red) indicates the possibility of further impulsive increases rally.
TREND and IMPORTANT LEVLES:
Main trend: UP
Indirect trend: UP
Daily trend: UP (price in correction)
Key Levels:
for further increases - level 3.060 and later 3.317
consolidation/correction zone-levels from 2.27 to 3.06
for the continuation of falls - level 2.27 and later 1.62
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Trade ist aktiv
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ABC Correction in place?
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Buyback range: 2.09899 - 2.27399 :)
Trade ist aktiv
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The correction looks more complex over time and in price. The levels on which you can buyback this cryptocurrency remain unchanged.
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New levels are in play now as the correction is evolving. As long as the level of 2.16 is not violated, the outlook is more bullish than bearish. Any violation of the level of 2.80 means the market will go to test the highs at 3.32.
Lol, Ripple is only going up my friend. Wait for the announcements early this week. Get it cheap while you still can. Ripple will hit $9 - $10 in the next couple months and will surge to $100 within six months. Believe me folks, that I can guarantee. Buuuuhlieve me!!
@Afasias, Everyone knows everything on the Internet. =D
tradeshero
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@Grokz, Especially on the crypto, everyone has extreme knowledge of everything :)))
artrogish
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@Afasias, Fortune.com article "What Is Ripple and Why Is It Beating Both Bitcoin and Litecoin?" By CHRIS MORRIS December 13, 2017. "Ripple, which was designed for banks and global money transfers, has seen the value of its XRP digital currency skyrocket in the past three days. On Dec. 10, the company had a market capitalization of just over $9 billion. As of Wednesday morning, that market cap had more than doubled to $18.1 billion.
Prices for an individual Ripple XRP are considerably more affordable than its alternatives, making it even more attractive to cryptocurrency speculators. As of late Wednesday morning, a single XRP cost just 47 cents, a 66% jump from yesterday’s close, according to CoinMarketCap."
That's why. Market cap now $128 bil. Ever heard of a company going from $9 bil to $128 bil in one month? 1422 % growth market cap in one month.
read yesterday Ripple has the right to freeze your coins. Also has the right to freeze bank account the money came from for purchase. Truth? or manipulation?