Ripple is coming down on the 4h chart, making a three-wave retracement to the lower channel support line which for now holds. That’s an ideal spot for a bounce, but for a confirmation of a continuation higher, we need broken channel resistance near 50 cents in an impulsive fashion, and this is when the coin may start looking higher into wave C of (D) which belongs to a big triangle formation. Due to quite big decline, alternatively we are also observing a leading diagonal from previous March highs as a 4H count #2, which can later send the price lower for wave 5 of C towards 0.20 – 0.10 area according to weekly count #2.
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