The series I plotted yesterday also has its problems as Wave 3, as it were, printed as the price dipped slightly below the low at (1) and the pattern doesn't lend itself to a proper count, mainly because Wave 3 cannot be the shortest wave in the series.
In my biased opinion, as I hold a significant amount from 0.31, all this points to weakness from the Bears and a whole lot of indecision in the market. This doesnt mean that Bulls are winning, but maybe starting to.
To be clear, Wave 5 of the series can extend beyond the 1.272 fib ext, but thats not typically XRP behavior. This would mean we would see the series end with a slight poke above Wave 3 at 0.46, which has happened many times this year, before the retrace back to 0.37-39. If Wave 5 does extend we would be looking at 0.49-53 with the Monthly S1 at 0.51195 coming into play.
The break of the line I marked was broken and a dump occurred.. I expect a struggle at the next line.