The XRP / USDT pair looks like it is forming a expanding diagonal. The target for the 4th wave is in the darker Red triangle section, where it has to dip back into the wave 1 territory. The Wave 5 target is significantly higher close to the $2 mark. This is likely either a C wave or the start of a new impulse on the macro degree. I suspect this dip for wave 4 will happen in conjunction with BTC pulling back from around the 55k level to complete its wave 4 before pushing for the 60k level. See the link for the related BTC analysis.