Elliott wave Ripple analysis 16.06.2022

The XRPUSD is forming sub-wave Z of the motive wave (Y) as a simple zigzag [A]-[B]-[C]. The final impulse wave [C], composed of sub-waves (1)-(2)-(3)-(4)-(5), is currently forming. The first four sub-waves have completed, and the final sub-wave (5) is developing. Correction 4 must have finished, and the Ripple price should continue falling in impulse 5 to a level of 0.240.

Trading plan for XRPUSD today:

Sell 0.340,

Take profit: 0.240.

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