Ripple: Next Massive Upmove is Coming

Simple - yet very powerful structure we have here in Ripple. After a massive impulse to the upside, the price is now into a correction developing a bullish pennant. Just keep an eye on a breakout above the correction and buy ripple. Stop-loss should be placed below the correction at around 0.620 and profit targets above Everest mountain :) In case you are afraid of heights, aiming for the 1.618 fib extension of the previous impulse at around 1.250 is a nice idea.

All the best,
John

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