• Amazon denies Bitcoin payment rumor
• Corrective rally seems completed or still in progress
• Ripple points lower for wave (v)

Crypto market sees strong intraday decline as Amazon denies rumored plans for Bitcoin support. So much about the trustworthy of Crypto news, so be very careful.

 We are still tracking a corrective rally from the lows which can be either already completed or it's still in progress as we are not sure if the five-wave cycle within wave C is finished.

As per Elliott Wave analysis,

As per Elliott Wave analysis Ripple, XRPUSD is still pointing lower for wave (v) of extended wave "v" of C but seems like we may see a bigger correction within sub-wave (iv) that can be either a triangle or flat. So, still be aware of a drop towards the projected 0.40 - 0.30 area before bulls show up, however, any bigger recovery up to 0.93 level would be definitely an indication for the bottom.

XRPUSD 4h Elliott Wave Analysis Chart

lower for wave (v) of extended wave "v" of C, but seems like we may see a bigger correction within sub-wave (iv) that can be either a triangle or flat. So, still, be aware of a drop towards the projected 0.40 - 0.30 area before bulls show up, however, any bigger recovery up to 0.93 level would be definitely an indication for the bottom.

XRPUSD 4h Elliott Wave Analysis Chart