Cryptocurrency Report- Ripple (XRPUSD) Update- June 23, 2019

Ripple (XRPUSD)

Daily Timeframe Analysis and Update

A log scale is used on the Daily timeframe of Ripple (XRPUSD) with revision and Elliott wave analysis provided. Price action of Ripple (XRPUSD) terminated a minute wave ((ii)) at 0.28261 on April 26, 2019.

Key levels to focus on: 0.41686 and 0.35649 (based on data from BITSTAMP).

Outlook: The expected trajectory of price is indicated on the Daily timeframe chart. Termination of minute wave ((ii)) therefore implies limited downside action for Ripple with the onset of minute wave ((iii)). The minimum expectation for the termination of minute wave ((iii)) is ~0.76

Note: Prices can vary between XRPUSD (Ripple) exchanges. Slight differences can therefore occur in the charts provided above as a result of different data sets.