Ripple Bullish But Facing Resistance

Ripple just can't seem to get the memo the bulls left for cryptos. It's facing strong resistance at highs, despite hugging the upper bound of the Kovach Reversals Indicator. Both Kovach Momentum Indicators are chugging along, so hopefully we can push past this resistance soon. The Elliott Wave is a bit foreboding as we are far away from new highs at $0.40. I'm not entirely convinced of my representation of the current impulse, but my best guess is that we are in Wave 3 of the impulse of the 5-3 wave, which means we should be able to gain more traction as this is the longest and strongest phase.

Until then, turn to other altcoins for greener pastures.

If you like the Kovach Momentum and Reversals Indicator check them out here! Also included in the package are crypto specific indicators!