Ripple has been consolidating under a major structure level now and this consolidation is turning into a corrective structure which will suggest that one more impulse to the downside is very likely. If it is a 3 wave corrective structure then we can expect XRP to rally to around 0.42 before it starts descending. Note that this price is also the 127.0% fibonacci extension of the previous mini impulse leg of wave 1.
