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 y leg lower unfolded as another double three structure where wave ((W)) ended at $0.2853 low.
Wave ((X)) bounce ended at $0.5100 high, wave ((Y)) ended at $0.1763 low and with this completed the biggest pullback in wave ( b). Near-term, while dips remain above $0.1763 low expect Ripple to extend higher.
XRPUSD 12 Hour Chart 2.11.2020
