Although it could drop lower, the (4) line is normally where the ABC correction comes down to, while XRP could continue to do a 12345 downtrending, with volume coming back I believe at least in the short term it'll bounce next time it touches the (4). Stop losses set below the (4) on my long.
Comment:
I definitely misread the volume, it's not recovering. It's downtrending. Because of this, I'm not as confident that (4) will have enough support. Also, It seems like BTC is heading back up the channel to 18k, so I'm scrapping this long for now.
Comment:
4 held up pretty well, but as of now I'm not touching XRP
