XRP was already in a correction phase when the BTC dump occurred.
It looks like it may have just hastened the correction and we're back at the point of blast off once again.
RSI has bottomed out and MACD is crossing.
The previous impulse had us reach the top of the Fib-Extension.
If XRP can do that again we could be heading towards 3.40 very soon. (over 100% gains from it's current price of 1.34)
EXTREME OPTIMISM would have the momentum carry us over the previous ATH of 3.84 and towards 4.00. It would be very heated at that point and extreme caution would need to be taken if it does as a sizeable correction would likely follow.
It's also a possibility we waddle around 1.34 for a while longer. If it dips further 1.12 is a sound area of support and it would be very unlikely that it goes back to 0.84 which also is strong support.
XRPUSD
It looks like it may have just hastened the correction and we're back at the point of blast off once again.
RSI has bottomed out and MACD is crossing.
The previous impulse had us reach the top of the Fib-Extension.
If XRP can do that again we could be heading towards 3.40 very soon. (over 100% gains from it's current price of 1.34)
EXTREME OPTIMISM would have the momentum carry us over the previous ATH of 3.84 and towards 4.00. It would be very heated at that point and extreme caution would need to be taken if it does as a sizeable correction would likely follow.
It's also a possibility we waddle around 1.34 for a while longer. If it dips further 1.12 is a sound area of support and it would be very unlikely that it goes back to 0.84 which also is strong support.
XRPUSD
BTC is looking weak though so a large dump could suppress any big moves by altcoins in the short term.