Then I raised my eyes and looked, and behold, there in front of the canal stood a [lone] ram (the Medo-Persian Empire) which had two horns. The two horns were high, but one (Persia) was higher than the other (Media), and the higher one came up last.

I saw the ram (Medo-Persia) charging westward and northward and southward; no beast could stand before him, nor was there anyone who could rescue [anything] from his power, but he did as he pleased and magnified himself.

He came up to the ram that had the two horns, which I had seen standing in front of the canal, and charged at him in [the fury of] his power and wrath.

[In my vision] I saw him come close to the ram (Medo-Persia), and he was filled with rage toward him; and the goat (Greece) struck the ram and shattered his two horns, and the ram had no strength to stand before him. So the goat threw him to the ground and trampled on him, and there was no one who could rescue the ram from his power.

The ram which you saw with the two horns represents the kings of Media and Persia.