A few fibs about Ripple - updated

Ripple has made a .382 correction from the recent daily high of $3,53.

This market may correct further towards the .50 - .618 fib levels. This would provide a good opportunity to re-enter the cryptocurrency for a buy.

Possible fib targets are

1. Equal legs @ $ 4.95.

2. 1.618 extension @ $ 6.95.

These are high targets I realize, especially with regards to a bitcoin eqivalency (bpeindex.com) .

If trading , this idea would be invalidated if price closes on daily candle below the .786 fib..... :)