Although Ripple continues to decline, an interesting reversal pattern is forming on the chart.
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.
Thus, based on Ripple, it is recommended to focus on opening long positions. The market entry point is warranted at the current level or upon the retest of the support level.
📌 Entry: 2.9560
✔️ First goal: 2.9868
❌ Stop order: 2.9472
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