Short term bearish look on XRP, not convinced we see a pop out of here as buyers just don't have the price they want yet as the trend lines show no 'big' reaction from buyers as volume is still just lying there. Where are the buyers? I believe the Buyers are lined up at .26 cents for the drop and completion of wave 5. This would ultimately be a no-brainer for a long position as this is the ideal spot in regards to risk/reward ratio setup. This is where I would have my bids placed, right at the 161.8 for an instant reaction from buyers. This is not financial advise, good luck everyone.
Note
Check out XRP/BTC pair: Price also agrees as the ABC on this pair would end up completing at the same time considering at 18% price drop which is the 127.2. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.