quantguy

Ripple: The Survivor

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BITSTAMP:XRPUSD   Ripple
It seem Ripple is the only Altcoin to survive the holiday blues. Just about all other major Altcoins and Bitcoin have been hit severely by the Santa Claus effect. Ripple, however took this in stride. After completing the corrective phase of the Elliott Wave, it now appears to be moving on to the next impulse phase, leaving everyone else struggling to catch up. Anticipate another pullback as we enter Wave 2 of the impulse wave, but after that is wave 3, the longest and strongest. We have strong support now at $1.22, a Fibonacci Extension level.

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