The Elliott road to $ 589We left the green and remain in violet territory.
If we are in final major correction wave C (orange) the next bottom is around $ 0.16 (+/- $ 0.05), which will be reached around march to june 2019: see blue circle. As Bitcoins has its flaws it could possibly drag XRP down that far and beyond, as well.
The next major cycle can start afterwards which will likely be upwards regarding fundamental XRP data, see XRP Community . The violet wave gives an idea and is not meant as accurate, of course.
The green, yellow and red ellipses show the target range of $ 589 within the given channels. I suspect that even if XRP is able to assert itself, breaking through this mark, if at all, clearly tends towards the red ellipse.
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