After that strong impulsive recovery away from $1 on Ripple, we are now facing a new pause, and this pullback could be a bit deeper. It should also be subdivided into three sub-waves, which is not really the case yet, so be aware of more pullback from here. It’s very possible that the next leg down could also come out of a wave b triangle, with support somewhere around the 61.8% retracement, which is usually an ideal area for higher-degree corrections to unfold and complete a counter-trend movement. In our case, that’s somewhere around the $1.20–$1.30 area, where new buyers could step in.

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Shin John
Shin JohnYtv Market News
Share-market news writer and analyst with deep experience covering equities, commodities, forex, and cryptocurrencies for readers in the USA, UK, Canada, and Australia. Ytv Market News delivers timely market updates, practical trading insights, and clear explanations of macro and company-level catalysts that move prices. Combines on-the-ground financial reporting with technical analysis, using concise charts and actionable ideas to help investors and traders make smarter decisions.