RIPPLE - The Next Leg Down ðĨ
XRP finished its impulsive leg and now is in its corrective ABC phase.
We can see that price reacted to the 61.8 fibonacci and then broke the ascending trendline indicating that price is rolling over to the downside to complete the C wave.
We have 2 areas where the corrective wave can end.
First area is the -0.27 but the second area seems more likely.
Second area is the -0.618 which lines up with the previous bottom.
Looking for bear flags to take Ripple lower.
We can see that price reacted to the 61.8 fibonacci and then broke the ascending trendline indicating that price is rolling over to the downside to complete the C wave.
We have 2 areas where the corrective wave can end.
First area is the -0.27 but the second area seems more likely.
Second area is the -0.618 which lines up with the previous bottom.
Looking for bear flags to take Ripple lower.
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