G'day

Some serious chaos in crypto land, but you have to see as an opportunity, at least for XRP, as this downside is probably the completion of a triple zigzag correction that started in April of 2021. Projects that are somehow connected to the insolvent FTX exchange may not recover though.

Yesterday I said that we were working on a zigzag that started from a truncated high, it appears that "abc" completed yesterday avo as follows :

The question is now - is the shake out complete? or will the zigzag extend in a double or triple? IF the shake out completed it ended in a truncation. 

But I also said yesterday that it must be possible to connect the "2" and the "4" without cutting off, let me take a look at the big picture and do that exercise :

It is difficult to see, but I think when connecting 2 & 4 you are slightly cutting off the June 18th candle. It is a very long trendline that connects 2 points that are almost 2 years apart, so it's really hard and you have to be very accurate drawing the line. It's certainly a very close deal. 

We will have to monitor the price action in the next couple of days, the current strength can be an "x" connecting 2 zigzags, if we turn back down afterwards we'll probably go well below 30 cents...