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XRP EW Count Scenario

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Price action for the past four days have been bearish. From the low of 48c last night (UTC), we have seen XRP bounce and make so far an ABC zig zag correction. From drawing the fibs from wave A, we can predict wave C to end circa the 1.382 Fibonacci level.

Interested to see if this scenario plays out with BTC making ATHs, some would assume XRP to pump after BTC cools down. So we shall see. Please take note of the invalidation line around 59c.

Trade carefully and do not over-leverage. These are volatile times.

NAFA - Not actual financial advice. Just sharing an idea. Thanks

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Note: The 1.618 fib level of wave A of 2 of 3, is 0.56125 (BITSTAMP). Price exceeding here is also an unlikely Wave C. Be cautious.