Elliott wave Ripple analysis 21.06.2022

The XRPUSD continues forming impulse wave [C]. It is clear from the above chart that impulse (3) and the complex correction (4), composed of sub-waves W-X-Y-X-Z, have finished within the [C] impulse. The Ripple price is falling in the final impulse sub-wave (5), composed of waves 1-2-3-4-5. The market will continue declining in sub-wave 5 to a level of 0.240, where wave (5) will be 38.2% of impulse (3).

Trading plan for XRPUSD today:

Sell 0.311,

Take profit: 0.240.

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