Local range lows on
$XRP have been taken.
Would make some sense for a move to range highs assuming we get some relief across the board but I would be very cautious if/when we get that move because XRP/BTC still sits some 30% above my downside target so I don't quite think this will be the ultimate bottom for
$XRP just yet, even if we do see a move back to the local range highs.
Ultimately, think
$XRP will find it's way to our HTF demand zone in green one way or another, and that is when I would consider it worth buying assuming XRP/BTC has also hit my target zone by that time.
Keep in mind this correction is in the context of correcting our impulsive move that took us from .50 to around $3.60 so while this looks scary its a natural result of such a quick 7x move that now needs to be "digested".