Analysis

Ripple is trading below the upper resistance/stop area after getting rejected near 1.5487. As long as price stays below that level, the setup remains bearish, with the chart projecting a move down toward 0.9533.

In Elliott Wave terms, XRP appears to have completed an A-B-C-D-E corrective triangle. Wave E rejected near the upper boundary, and the expected move is a downside thrust out of the triangle toward the projection target.

Wave: ABCDE triangle thrust