XRP - Expecting a 15% drop to 21cents

XRP - Expecting a 15% drop to 21cents
XRP / U.S. dollar BITSTAMP:XRPUSD
imkeshav

We've been tracking this chart for 2 weeks and till now its going as per plan. Now the recent move down and bounce appear to be wave 1 & 2 of red wave (5). Note how we are getting resistance at 0.618, which is typical of wave2

confirmation is below wave1
Stop is beginning of wave1
Targeting 20-21 cents

Previous plan