As per Elliott Wave analysis, XRP/USD made a strong jump and bigger recovery, but we still see it approaching the important 61.8% - 78.6% Fibonacci resistance area in three legs—A-B-C only.
As such, it is important to be aware of the limited gains for wave B, or maybe even alternatively, to a higher degree wave (D), from where we may see another, even bigger decline, at least in three waves.
Ripple 4h Elliott Wave Analysis Chart
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.