Its amazing to see how the top 10 Crypto follows almost the same correction pattern excluding Ether.
After observing and drawing out many Elliot Waves, I came to all the same conclusion. The top 10 Crypto by Market cap will fall toward the 0.236 Fibo level.
From my rough count, we are currently in wave C correction (thick baby blue line) pattern and will be finishing off the sub-wave 5 (green thin line). Things can change if bitcoin finish its correction at $8,500 and XRP might rocket back up, In the meantime XRP will follow BTC's lead in their correction formation.
Prediction: Since XRP has fallen below 0.382 Fibo retracement level, it is very likely that a growth of 2.618 level will be reach with a new ATH of $8.50. This is quite common in altcoin, with long and deep corrections comes the "Moon", especially if it falls to 0.382 retracement level.
Look for new bottom and buy in levels at $0.72.
Ladder Target:
$1.10
$0.90
$0.72
See below for comparison between XRP and Bitcoin. The chart pattern also matches Litecoin and a few others.