2) Expansion / Breakout
3) Fake Break / Stop Run (taking out stops)
assuming this exact same pattern keeps repeating, next move should go (at least) to $4 by January 10 or 11, 2018
Keep in mind: XRP (and alt coins in general) is inverse correlated to BTC , meaning when BTC is rising alts go down and vice versa
Don't panic, keep calm and wait :-)
Also, spot on with the BTC correlation. I traded for ETH last time and lost $2,000 while it was sitting in the ETH wallet waiting for the bottom of XRP. Meanwhile, BTC went up. Thanks for adding that into this, everyone should know.
Thanks for the graph, Good luck.