Ripple has been bullish this week so far after it appeared price has hit a low spot. The following 17-18 July Ripple price prediction looks at the technical forecast of XRPUSD based on Elliott wave theory.
The Cryptos are making bullish spikes this week. Ripple has gained close to 15% this week so far. It seems price would rally even further up to 70 cents. In the last update we expected a bullish move to 60 cents from from 42 cent low. Price had completed a bearish impulse wave which was part of the last legs of the all-time bearish phase. We expected at least a 3-wave correction upside. The chart below was used in the last update.
Price took lower price at $0.42 and rallied strongly above $0.5. The current move is expected to hit $0.6 at least in an impulsive drive. If price turns corrective instead and stays below $0.57, we might see price dropping further below $0.42. If the drop that follows the end of wave a is corrective, we would be looking at higher price to $1. That’s still some time away. We will wait and see what happens next.
What happened afterwards? Price dipped back to 42 cents to make a double bottom technical reversal pattern and rallied swiftly. What next?
17 July Ripple price prediction: what next?
Price is returning upside after holding above $0.42. We should expect the rally to continue far above $0.52 up to $0.6 and $0.7 depending on the wave pattern of the rally. Stay tuned for the next update.
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