In the theory of #Elliot , the basic buoyant movement is formed by 5 waves. Waves 1, 3 and 5 are impulse waves and waves 2 and 4 are correction waves. In the most common method of happening, wave 2 is 1.618 times the length of wave 1. Wave 5 is most often the same size as wave 1. Fractals repeat in shorter chart times.

Corrective waves are usually ABC. With wave A and B completed, we can estimate likely wave C targets. This correction will be slow. But we will see many buying on a 10% dip because they believe XRP is on sale. But the most common in an Elliot top correction is the correct 0.5 to 0.618 Fibonacci correction