Elliott wave Ripple analysis  19.07.2022

The XRPUSD market continues forming the descending wave (Y) as a triple zigzag, with the final motive wave Z developing inside. Wave Z should soon end as a zigzag [A]-[B]-[C]. There is forming the bearish impulse wave [C], with correction (4) developing inside. Correction (4) should end as a standard zigzag at a level of 0.385, the high marked sub-wave A.

Trading plan for XRPUSD today:

Buy 0.363,

Take profit: 0.385.

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