Elliott wave Ripple analysis  07.07.2022

The XRPUSD chart displays the impulse [C] unfolding within the bearish wave Z of a larger degree. The first four sub-waves have completed within the [C] wave, and the final sub-wave (5) is still developing as an impulse 1-2-3-4-5. The Ripple price will be falling to a level of 0.285, the previous low marked by impulse wave (3).

Trading plan for XRPUSD today:

Sell 0.326,

Take profit: 0.285.

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