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 the bigger correction against all-time low unfolded as double three structure where wave w ended at $0.2465 low and wave x bounce ended at $0.7913 high. Down from $0.7913 high, the decline unfolded as a zigzag structure where wave ((A)) ended at $0.2779 low. Wave ((B)) bounce ended at $0.5100 high and wave ((C)) is proposed complete at $0.21270 low. Near-term, while dips remain above that level expect Ripple to extend higher.
XRPUSD 4H Chart 11.14.2019
