Elliott wave Ripple analysis 25.04.2023

The XRPUSD market is forming a bearish double zigzag [W]-[X]-[Y]. The first actionary wave [W] is unfolding as a standard zigzag (A)-(B)-(C). Impulse wave (A) and correction (B) have already been completed. The final wave (C) may take the shape of a bearish impulse 1-2-3-4-5. The price in the final wave 5 will fall to 0.423. At this level, it will be 61.8% of impulse 3.

Trading plan for XRPUSD today:

Sell 0.455,

Take profit: 0.423.

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