Detailed Elliott wave analysis on XRP/USDT shows a big confluence zone at 18.5 USDT. The price actually goes down in 5 waves (C wave of a big WXY, big picture not shown on this chart). target in blue on the chart corresponds to a wave 5 at 261.8 of wave 1 and at a Y at 0.5 of wave W. 18.4 cents should be the final target before the bounce.