The XRPUSD market is forming the final leg of the large contracting triangle A-B-C-D-E, the bullish wave E. Wave E could be a simple zigzag [A]-[B]-[C]. The first sub-wave [A] could end at a level of as a five-wave impulse (1)-(2)-(3)-(4)-(5) at a level around 1.070 marked by correction (B). Therefore, the price should be moving in sub-wave (5) of a smaller degree to a level of 1.070.
Trading plan for XRPUSD today:
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