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2018-06-24_XRPUSD-UTW

We previously proposed specific targets for the corrective up move of a few cryptocurrencies comprised of Bitcoin, Ethereum, Ripple and Verge. The correction has failed as expected with the crypto prices coming short of the defined objectives. In case of Ripple it moved up to $0.588 when we had proposed $0.62. Following rejection from the conjunction of the long term trend line and the declining 7-period moving average capping the price Ripple is now selling off. We expect to see more bearish action in the weeks ahead as proposed in the most recent update of our bitcoin bubble popping scenario. 

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