Good morning

So the XRP price is moving in the expected direction - upwards! Finally!

I expected a third wave of an a wave and while we are moving upward the count does not work so well, there are a lot of overlapping waves. I have been looking at other possibilities to count the upward price action and I might have found something. Today I will share this idea with you.

Key for this idea is that there appears to be a diagonal in the middle section, and we know a diagonal only appears in the first (or last) wave position-  this means that a correction must have ended there :

The correction can be counted as a triangle, and that would be in the b wave position - makes sense it took so much time then.

It cannot be seen very well on this chart but after the triangle there is an overlapping wave structure that works as a diagonal, and it has to be a leading diagonal. I said it many times that a diagonal is extremely bullish because it can be followed by anything without degree issues, so it is possible we are already in (c) and we see a further melt up towards our diagonal target.

The count has slightly changed but only because the diagonal did not make sense in the old count. The new situation is even more bullish in the short term. We know that XRP loves explosive moves and we could be at the start of such a move!

The bigger picture has not changed. In fact the price action confirms a zigzag (abc) more then anything, but I'm sure most other wave counters will try to count a third wave here.... 

That is all for now, needless to say I keep monitoring the price action and will update if something violates this idea.

Enjoy the Show!