Elliott wave Ripple analysis 01.08.2022

The XRPUSD market is forming the motive wave Z as a triple zigzag W-X-Y-XX-Z, with the motive wave Z developing inside as a simple zigzag [A]-[B]-[C]. The bearish impulse [C] will conclude this zigzag. Correction (4) has finished as a double zigzag W-X-Y within the [C] impulse. The Ripple price should be falling in the final wave (5) to a level of 0.285.

Trading plan for XRPUSD today:

Sell 0.379,

Take profit: 0.285.







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