Elliott wave Ripple analysis 22.02.2023

Ripple price started to decline. Now the actionary wave (Z), which is part of the bearish triple zigzag, is unfolding. Wave (Z) can take the shape of a standard zigzag consisting of A-B-C sub-waves, as shown in the chart. The first impulse sub-wave A is expected to end at the previous low of 0.359, marked by wave (Y). After that, an upward correction B will begin. In the current situation, consider opening short trades.

Trading plan for XRPUSD today:

Sell 0.388,

Take profit: 0.359.

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