SUMMARY
Ripple (XRP) is moving per the MACD direction which has reached a very close proximity to its apex (blue lines). The yellow WXYXZ for the price could be complete, though sideways price extension can go on. The yellow Z has placed a lower low.
The blue circle shows a breakout and yet a lower low occurred. However, the length of time for the first downward wedge pattern (white) was quite short and thus a breakout from it has likely lower low probability. Recall that Altcoins are unable to complete a correction quickly. So, any wedge pattern that is perhaps less than 3 months would be bull traps. The length of the correction to the yellow Z spans over 3 months and the MACD pattern has contracted to as much as possible. So, another breakout is expected but this time MACD, Time, Pattern and Elliott Waves are all confluent. The first breakout was missing the time length component.
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