Hi traders,
I hope you all had a great week.
As you can see Ripple is currently forming and almost finish with the descending triangle pattern its creating (we are currently in wave E).
Just to keep things as simple as possible, Wave E has 3 waves (Wave a,b and c). We are done with wave a and currently forming b and c.
Once we are done, then Ripple is expected to start a strong bullish wave to $0.5 and possibly $1.
I'll keep this idea updated as much as I can if there is any changes.
Please note that targets could change depending on the information we get from the charts in future.
- Abdulla