$XRP has formed a bull flag on the daily chart, which has given us a breakout and a reset is in play.
A successful breakout out of this pattern can take as high as $4.7288. But we need to be careful here based on the Elliot wave Structures.
Elliot waves suggest we have peaked in a wave 1 and a wave 2 is in play right now. Breakdown targets lie between $1.9869 - $1.4158.
On holding this support area there is a chance of a bounce in wave 3, but on loosing that support zone watch for a more bearish case scenario.