The balance of power in Ripple is gradually improving. Market sentiment is becoming more positive for purchases.
Wolfe Waves of a bullish pattern are forming on the chart, indicating a possible uptrend. If point 5, which is the lower point of the wave, is reached, the model predicts an upward reversal. On the chart, the support area is highlighted in green, and the resistance line is formed through points 1 and 4.
It is recommended to prioritize long positions on Ripple in the current situation. Entry points can be selected both at current prices and based on an outcome of a retest of the specified resistance level.
📌 Entry: 2.9713
✔️ First goal: 2.9881
❌ Stop order: 2.9629
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