XRP/USD Short term targets for a new uptrend

BITFINEX:XRPUSD   Ripple / Dollar
I was originally bearish on XRP as i thought there was one more sub wave down to the $0.50 mark to complete an ABC however we broke out instead. If the up-trend continues I have outlined by short term targets with $1.60 being my primary target. This all depends on BTC as XRP closely follows what BTC does, if we break below this channel I will remain bearish on XRP and to me it will be a failed breakout and we may get stuck in and WXY type correction. Probably best to sit on the sidelines for this one if you are not currently in.

*This is not financial advice*
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