We believe the recent selloff in XRP has found its bottom and the bulls are back to push back the price up. If our wave counting is correct, XRP just took off after completing wave ii and currently is working its way up to complete wave iii of a larger degree wave (v). However we are not sure of the extend of wave iii and where it would terminate. Since it has moved past 1.618 fib extension level, our next target will be 2.618 level which is around 1.62USD.