XRPUSD retrace watch (scalp): Ripple pullback view

Updated

Quick plot to see how the EW waves and Fibs play out.
XRP clearly had a massive spike, but we all now how such massive moves end....

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Slight update to the wave structure, but still points to same target

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wow, looks like XRP forming a 5 wave impulse bounce (on 1 min chart)

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That was ''picture perfect'' 5 wave impulse

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and it might still be in wave 3...

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Zooming out, I have to conclude that was an ABCDE correction (falling wedge) and not the typical ABC.

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I will study the waves to learn the clues this might have given (that it was an ABCDE forming)

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