Wow, well it looks like XRP took a turn for the worse in the early morning hours. But did it really?
Looking at the chart we see that we wicked down all the way to .95 landing right above our bottom Fibonacci level but quickly shot back up to 1.30 (now sitting around 1.17). This is very bullish movement.
Two scenarios play out from here.
1. This turns out to be a fake-out shake-out and we quickly climb back into the triangle
2. We get some sideways movement for a while before shooting up