All right, folks!
My plan is to follow few more charts and I keep on moving with Ripple. In my eyes Ripple is always in the opposition, and that is why I like it. After the ultimate growth XRP has made a massive correction and now the price stuck in the $1 level.
Here is the 4h chart I would like to start with:
The ultimate growth started from very strong $0.22 level has reached the maximum of $3.33 and then fell back to $0.6 (-82%). That kind of fall should be corrected and the price has doubled in 4 days (the peak of $1.2 on the 10th of Feb).
In the previous chart I marked the wave down as an impulse, but if we cut the spikes it could also look like a ZigZag:
No matter which chart is the correct one - currently, I am looking for the impulse on the lower Elliott Wave levels. I do not forecast any direction until we hit $0.85 or $1.15 levels. The next move will give me a tip about the pattern.
Stay tuned!
P.S XRPBTC with the support levels: