Elliott wave Ripple analysis 21.12.2022

A week ago, the XRPUSD market completed the construction of a major corrective wave. Wave B looks like a horizontal contracting triangle [A]-[B]-[C]-[D]-[E]. After its completion, the price began to decline. Now bearish wave C is unfolding as an impulse [1]-[2]-[3]-[4]-[5] as shown in the chart. Wave C could end at the low of 0.316, marked by impulse wave A.

Trading plan for XRPUSD today:

Sell 0.339,

Take profit: 0.316.

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