Based on the three day chart, it appears that we've completed wave-B of what is probably a triangle, and we should get a wave-C that will take us to at least 0.24, after wave-C we will have likely hit the bottom and then we'll make a higher low for wave-E and after that point which should happen in july, we'll begin a violent wave up.
For now, it's best to remain neutral on XRP until July. At that point, if the triangle has formed like expected, or if we see another completed standard pattern, then we can aggressively enter the market. Also because there are several possibilities here on the three day, we can be pretty confident that we're in the middle of a pattern, rather than the end of a pattern, so it's unlikely that we see a long-term trend change until we see the possibilities being reduced down to one. For the next few months price action will probably be extremely choppy to shake out as many traders as possible before the next bull run.
This chart has held up very well for the last 4 months. Now that it's July and we're crossing the threshold here we are very likely to see some extreme acceleration to the upside beginning very soon.
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