Elliott wave Ripple analysis 22.12.2022

XRPUSD completed a major corrective wave. Wave B took the shape of a horizontal contracting triangle [A]-[B]-[C]-[D]-[E]. After its completion, the price declined. Now the 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 0.341,

Take profit: 0.316

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