Ripple is a distributed financial technology allowing banks to efficiently settle transactions in real time. XRPUSD is the native currency of the Ripple network traded against the US Dollar.
Down from 04/24/2018 peak $0.96, Ripple is showing an incomplete 5 swings sequence to the downside.
As long as bounces fail below $0.70 peak, then XRP will be looking to trade lower toward equal legs area $0.28 – $0.18 before ending a 7 swings double three structure. Up from there, it will be looking to bounce higher in 3 waves at least.
XRPUSD 4H Chart 6.20.2018
