Additional points: XRP is holding at $1.50 at USD while BTC may be poised for a break. In order for the XRPBTC price to maintain during a retrace of BTC up to $20k, XRP would have to make a move up to $3.00 just to hold at ~12k-14k sats . This seems fairly likely, but still would still not constitute a reversal in the pairing. Rather, it could manifest as continued sideways trading within the current .618-.312 fib band for a while, at least until XRPUSD shows signs of a proper run to $5.
I've also drawn what a third impulse wave might look like, but I have trouble believing it would dip that far. (Famous last words?)
First published idea. Had to start somewhere ^^;