XRP has been working on a macro contracting triangle for a few years now. Typically, one of the waves inside the triangle is also a triangle. I believe we have that here within macro Wave E. The smaller triangle may already be complete as there is a sharp (3-wavish) move on 30min that has already bounced from my zone.
I know XRP is a slow poke though, so I...
We have a 3 wave move down from SWB:69K and then another 3 wave move back up that takes the high. Currently rejected at the 1.05 (~$1.35T), but count is valid up to the 1.382 (~$1.68T).
Final leg is a 5 wave move back down that takes the previous low. If valid, BTC likely bottoms between 300B and 100B.
