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dropd01

XRP a small wave count

XRP (BITFINEX:XRPUSD)  
dropd01 Updated   
BITFINEX:XRPUSD   XRP
Fibonacci Pennant Elliott Wave ripple xrpusd xrp
6
4
fibonacci pennant elliottwaves ripple xrpusd xrp
I don’t believe XRP will cross the previous ATH 0.21% bu is still a decent trade opportunity. Top chart includes fib, pennant and wave count. Setting SL below wave 1.
Comment:
snapshot

Should stay in channel
Comment:
Not if but when?

snapshot
Comment:
It dropped out of the pennant however it has not broken previous Wave 2 retracement ( which is a good sign). SL 1.75.

snapshot
Comment:
Also it has been oversold more than once in the last couple of days.
Trade closed: stop reached
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