Elliott wave Ripple analysis 14.07.2022

The XRPUSD market is forming the motive down wave Z as a standard zigzag [A]-[B]-[C]. There is developing the final sub-wave of this zigzag, impulse [C]. Wave (5) is unfolding as an ending diagonal 1-2-3-4-5 within the [C] impulse. Wave (5) should end at a level of 0.285, the previous low marked by the impulse wave (3).

Trading plan for XRPUSD today:

Sell 0.311,

Take profit: 0.285.

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