Ripple chart in 2 hour time frame is not favorable.
According to the evidence, the price is completing the pullback to complete its uptrend.
From a wave count point of view, the price is completing the C-leg of its zigzag correction.
If strong positive news is not released in the market (which is also unlikely), the price could fall to the level of 0.50 after the failure of its first support in the range of 0.57 - 0.60. If the support of this level is broken by increasing the trading volume, we should wait for the price of 0.4.
This scenario becomes invalid with the failure and stabilization of the price above 0.73.
According to the evidence, the price is completing the pullback to complete its uptrend.
From a wave count point of view, the price is completing the C-leg of its zigzag correction.
If strong positive news is not released in the market (which is also unlikely), the price could fall to the level of 0.50 after the failure of its first support in the range of 0.57 - 0.60. If the support of this level is broken by increasing the trading volume, we should wait for the price of 0.4.
This scenario becomes invalid with the failure and stabilization of the price above 0.73.