The XRPUSD market continues forming the final leg of the contracting triangle A-B-C-D-E, wave E. The E wave could be unfolding as a simple zigzag [A]-[B]-[C]. The first sub-wave [A] could end 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. Next, following a short decline in correction [B], the market will continue rising to higher price levels.
Trading plan for XRPUSD today:
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