Elliott wave Ripple analysis 25.05.2023

Wave X is unfolding as a double zigzag [W]-[X]-[Y]. The final sub-wave [Y] is being built inside wave X. The actionary wave [Y] will take the shape of the standard impulse (A)-(B)-(C). The first sub-wave (A) has been completed as an impulse. Correction (B) is currently unfolding. Soon impulse C will complete a correction (B) around 0.480, after which bears could push down the price to a low of 0.408.

Trading plan for XRPUSD today:

Buy 0.449,

Take profit: 0.480

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