XRP Could Rebound Without Sweeping $1.25

XRP has undercut the $1.31 level needed for its current correction, leaving room for a rebound without necessarily sweeping the $1.25 support. XRP has reached a support area where its current correction could begin to turn higher without first falling all the way to $1.25. The setup centers on the recent $1.31 low: under one Elliott Wave interpretation, XRP only needs to move beneath that earlier low to complete the final leg of the correction before attempting another advance. XRP currently trades near $1.33, according to CoinMarketCap, after reaching a 24-hour low around $1.29.

Source: The Crypto Basic