Elliott wave Ripple analysis 01.07.2022

The XRPUSD is forming the final motive wave Z as an element of the triple zigzag. Wave Z is unfolding as a standard zigzag [A]-[B]-[C]. The bearish wave [C] is developing as an impulse (1)-(2)-(3)-(4)-(5). The bullish correction (4) has completed. The Ripple price will continue falling in sub-wave (5) to a level of 0.285, the previous low marked by impulse wave (3).

Trading plan for XRPUSD today:

Sell 0.310,

Take profit: 0.285 .

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