The best way to immediately manage your sprained ankle is by following 'RICER' and 'NO HARM' procedures for at least 48-72 hours/2-3 days after incurring your injury. The appliance of these medical recommendations will reduce the bleeding and damage within the joint and reduce scar tissue formation. The ankle should be rested in an elevated position with an ice pack applied for 20 minutes every two hours ensuring that the ice is NOT applied directly to the skin. An appropriately sized compression bandage should be applied to limit bleeding and swelling in the joint.