XRPUSD : Down and back up again (Long term - Wave analysis)

Based on our wave analysis on weekly chart, XRP is currently working its way up to test its previous key resistance level at around 3.32USD to complete the final 5th wave if its impulsive move since 2014 low before going into corrective phase. This is however a more conservative view of ours since we saw a extension of wave 3 during 2017 crypto super bullrun. On a log scale, XRP price movement also seems to be running up nicely in an ascending channel which we could use as a potential long term support and resistance trendlines. Medium to long term outlook of XRP looks bullish to us. However, we do not know how deep the correction would be following the completion of wave 5 so caution should be exercised for those who haven't and considering to jump on the bandwagon.