Like a stone skipping across the water, Rune is touching and creating waves and bouncing further up the price pond. The fib circles show the arches and path Rune is making. The key intersections are showing areas of interest where bounces have been occurring.
XRP has possibly leveled out a shoulder pattern on the 1 hour chart. I'm not sure its 100% because the right leg of the head triangle dips down. We could wait and if we do an angled head and shoulders we'd still need more downward corrective action for completion.