Elliott wave Ripple analysis 07.06.2022

The XRPUSD is forming the motive down wave Z as a standard zigzag [A]-[B]-[C]. The bearish impulse wave [C] is currently unfolding, with the final sub-wave (5) developing inside. Wave (5) should be developing as an impulse 1-2-3-4-5, as outlined in the chart. The first two sub-waves, a leading diagonal 1 and correction 2 have completed. The price should be moving in sub-wave 3 to a level of 0.331, the previous low marked by impulse wave (3).

Trading plan for XRPUSD today:

Sell 0.386,

Take profit: 0.331.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 07.06.2022 | LiteFinance

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