Good morning,

It's been awhile since my last update, the price action hasn't been very exciting lately. The idea of an upward diagonal count in my last post remains certainly possible. While this is an upward count, it's also a count that is not extreme bullish short term - yeah, prices will move higher but in a choppy way. And after completion of the diagonal there would be a correction, it's after that correction that we will hopefully see bigger price movements. IF this count is correct. Time will tell...

So let us look at the recent price action :

As you can see the diagonal count works with a zigzag in the 1st wave position and was followed by a triple zigzag for wave ii of the diagonal.
Because wave i is taking a lot of time I am assuming that we are in an contracting diagonal where wave i>iii>iv in price & time. Wave i took 86 days, so this is a structure that is taking quite some time.
Wave iii would now be in progress and probably pretty close to completion of the (a) leg of the next upward zigzag, a (b) wave correction would be next and the (c) wave should give us a new high above i. Then we have to expect a correction that overlaps wave i again.
Okay, that's the idea, let us see how it plays out in the next couple of days & weeks. While this idea is bullish you have to see it as a accumulation phase as no big break out is expected in this count anytime soon. I know a lot of people are expecting it because of the potential end of the lawsuit, but yeah... that remains speculation.
I don't really see how you can count the move from the low as an impulse though, and I always count what I see, and with only an upward zigzag from the low best case scenario is a diagonal. Diagonal are bullish, but in this case it's a diagonal that would waste quite some time and that is a bit of a bummer as I was hoping to have ordered my Lambo by now.
Anyways, I bought my last XRP on the dip in early May, I do not plan to invest more, unless there is huge dip after diagonal completion, but that is no guarantee. Hopefully it does not happen! 

Anyways, let me end with a look at the big picture. I removed the original count from the chart to make it clearer :

Nothing new in that count, the little diagonal at the end is pure speculation to give you an idea of what I am expecting for the next couple of weeks.  So I will monitor the price action and write an update if needed or wanted.

Thanks for checking.

Yours,