$XRP is breaking down after an aggressive bounce in an wave that topped above $2.9. That was in an Elliot wave 1 and a wave 2 is now underway.

Targets for the wave 2 lie between $1.9818 - $1.4112. I expect a sell off into this area. On holding within that target area I will expect a reversal and a rally in an Elliot wave 3.