Ripple Rallies

 | May 06, 2021 08:21AM ET

  • Coin Market is making higher rally in the last 24 hours 
  • Ripple (XRP) may test previous high or even higher 
  • Intraday Pullbacks or breakouts give opportunity to join the rally 
  • Coin market is rising higher in last 24 hours with BTC/USD 5.12%, ETH/USD 27.27%, Dogecoin 99.80%, XRP/USD 17.39% 
      
    From an Elliott Wave Analysis approach, Ripple Coin bounced after a corrective movement in wave B/2. Recent higher move seems like wave C/3. XRP/USD, the fifth largest cryptocurrency, can retest the previous highs as part of wave C. And a higher breakout above 2.0 indicates impulsive confirmation for wave 3.  

    Any intraday corrections or breakout higher will give the bulls opportunity to join the massive rally.  
      
    Ripple, XRP/USD 4h Elliott Wave Analysis Chart