The market remains in a downtrend, though wave analysis indicates a potential end to the current trend.
At a higher interval, a correctional wave [iv] continues to form. After its completion, the market will again move upward. As part of this movement, the formation of wave [v] with an update of the local maximum should be seen.
At a lower degree of the wave structure, the development of a triple three, where the formation of wave (z) has completed, is seen.
Despite the current downward movement on the Ripple chart, the situation may change soon. The corrective wave is close to completion, which may indicate the possibility of a price reversal.
In the current situation, it is worth paying more attention to long positions.