Elliott wave Ripple analysis 23.06.2022

The XRPUSD market continues forming the impulse wave [C] as an element of the triple zigzag of a larger degree. Correction (4), composed of sub-waves W-X-Y-X-Z, have completed within the [C] wave. The market is falling in the final sub-wave (5) unfolding as an impulse 1-2-3-4-5. The Ripple price should be moving down 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 0.320,

Take profit: 0.240.

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