Elliott wave Ripple analysis 07.06.2023

Ripple is constructing an ascending actionary wave [Z], consisting of three waves (W)-(X)-(Y). Sub-waves (W)-(X) have been completed. Now the final zigzag sub-wave (Y) is unfolding. An impulse sub-wave A and a bearish correction B have been completed inside the wave (Y). Soon the price may continue its upward movement in impulse C to the price level of 0.582. Consider opening long trades.

Trading plan for XRPUSD today:

Buy 0.528,

Take profit: 0.582.

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