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Elliott wave Ripple analysis 13.07.2022

The XRPUSD chart displays the second half of the impulse wave [C] composed of sub-waves (1)-(2)-(3)-(4)-(5). After correction (4) completed as a zigzag, the market has been forming the ending diagonal (5). There is developing wave 5 as a double zigzag [W]-[X]-[Y], which should end at a level of 0.285, marked by the impulse wave (3).

Trading plan for XRPUSD today:

Sell 0.311,

Take profit: 0.285.





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