RIPPLE dropped nicely and looks to be entering an ABC corrective pattern. We just saw Wave A at $1.64 - matching the 4 Wave range. Our next target is Wave B at about $2.25 - matching the 3 Wave range. After that, Wave C should return to at or under $1.64. It could continue a downtrend after this point or bounce off the $1.60 support and continue a new impulse wave up.
Things to watch: BTC movements could break the pattern. RIPPLE has been pretty reactive to BTC recently. A BTC movement could cause anomalies or break out of the standard ABC trend.
TARGETS: Wave A at $1.64. Wave B at about $2.25. Wave C at or under $1.64.
Note: This is an idea of a future market movement. The current markets are highly volatile and can change at any moment. It is not a suggestion to trade, and I am not a financial advisor.
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