Ripple is a distributed financial technology allowing banks to efficiently settle transactions in real time. XRPUSD is the native currency of the Ripple network traded against the US Dollar.
The cycle from 1/04/2018 peak remains in progress as zigzag structure looking to extend lower towards $0.1260-$0.0706 area approximately before upside resume or instrument produces a bigger 3 wave bounce at least. Note that the cycle from 1/04/2018 peak has a minimum number of swings in place already, so another low is not 100% guaranteed at this stage.
As long as bounces remain below $0.7644 high, expect Ripple to extend lower 1 more time to $0.1260-$0.0706 area within primary wave ((5)) before a turn back higher is seen. If the pivot from $0.7687 high gives up then the low can be already in place at $0.2450 low.
XRPUSD 8H Chart 3.27.2019
