Forex Analysis & Reviews: Elliott wave analysis of Ripple for October 4, 2021

Ripple has completed sub-wave ii near 0.8560. We are looking for an upside acceleration towards 2.3227 in sub-wave iii where a sideways consolidation is expected.

In the long term, upward movement to 3.3170 and higher is expected. In the short term, a break above minor resistance at 1.1300 and ideally above resistance at 1.2400 may occur. If so, the digital asset may rise to 1.4160, 1.9665, and 3.3170.

Analysis are provided by InstaForex