G'day All

Well everything is playing out as expected so far, the XRP holders are affected by more pain as was predicted in the previous update after breakdown of a triangle X-wave.

So I wanted to give you a quick update as we are approaching what could be an interesting accumulation zone for XRP :

I did change the end of wave X, I now count the (e) wave of the triangle as a triangle itself. Why did I do that? Because from that location it is easier to count a zigzag. That completed zigzag is W and was followed by another X of smaller degree.  SO now working on another zigzag to the downside. Probably now in c of y. 

Personally my accumulation will start to pick up steam once we are below the January lows, an a = c wave would point to the 53ish area.   I would really like to see the last year summer lows hold.

Please take notice I do not offer trading or investing advice, and you should make your own homework and take your own decisions, I am just sharing my homework for educational purposes.

Big picture remains what it was :

I don't know why but  I start to like the alternate count a bit more, that of an expanding diagonal. 

Thanks for your interest and see you soon.