Ripple has risen and fallen on the recent past and if history teach you anything... I have ported almost the same analysis from the past using the same timing and almost same levels, the D point on the past was good looking and harmonic while on the present it looks unfinished or just very different. So that's 60 days of fall during 60 days, 1% per day. The risk to start this setup today is the D point looking unfinished, but if you are able to sustain this eventual spike shorted in case it happens, that's ok to short asap because if it the D point will remain as is, more time you will wait less you gain. And 60 days looks like will be the same for BTC, if you are looking for a long trade and take some vacation that's one I would go for !
Komen:
If BTC goes up a bit to test the 9,4K resistence, XRP could also make a peak and with this finish the our D point that now looks incomplete, and them the fall of XRP can resume gracefully:
Komen:
XRP crossed the MA and looking good to our target so far:
Komen:
XRP got above our target on 0.5 Fibo and gone past to the 0.786 Fibo so a full bounce was complete and our D point is now complete and harmonic, expecting now almost 2 months of correction of this sprint which could depend or not on BTCUSD behavior:
Komen:
So far everything as expected, on an inner timeframe we can go down more 10%:
Komen:
In another inner timeframe we go down more -14%:
Komen:
Time has passed and XRP is still holding, looks like history doesn't repeat always
