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.
The near-term view is suggesting that it ended wave (1) at $0.4794 peak. Below from there the pullback in wave (2) has been unfolded as an Elliott Wave Flat structure where it ended wave A at $0.3590 low, wave B at $0.5099 peak and wave C of (2) is still in progress. The crucial level will be the invalidation level at $0.2837 low. As long as it can stay above that low we do expect the Crypto to see soon a reaction higher.
Alternatively, if it takes out the $0.2837 low then we are looking for another extension lower which could penetrate the low at $0.2469 which would ultimately open up more extension lower.
XRPUSD 4H Chart 7.14.2019
