Looking at Ripple in the 4-hour chart, we see it trading impulsively lower within subwave (C) of Y, so there’s still room for slightly lower support levels until we can count five waves down. After the recent abc corrective recovery, it looks like it’s still bearish, but due to sideways price action, it can be forming a sideways bearish abcde triangle pattern in wave 4. We can now see it finishing the final subwave “e” of 4 at 1.5 – 1.6 resistance area, so it can now drop the price towards the 1.0 support level, especially if it slips below the lower triangle line decisively and later below 1.27 level. The count would be invalidated if it breaks above the upper triangle line and 1.7 area.
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