XRP/BTC

The Ripple XRPBTC 15.46% cryptocurrency made a nice correction of three waves back to the level of the previous wave four of a lesser degree with (a) = (c) equal legs and a stroke of exactly 1.61 level (in line with previous expectations). This is really a perfect configuration in the Elliott wave theory and exactly what we are looking for in trading setups. Currently, cryptotraders must wait for confirmation of the lows, which will come with a break of the channel's resistance line (around 2.40) and make sure the price will make a break above 2.80, (impulsive up trend resumption level) which would confirm that Ripple is returning to an up trend.
If Ripple goes below 1.60 for any reason, a new wave scenario will be needed.
15 minutes ago
A marginal new low was made, but nevermind this: #XRP is going higher after Brad Garlinghouse tweet, that #XRP will be used in MoneyGram payment flows! Up up up we go!