The XRPUSD market is developing a bearish double zigzag [W]-[X]-[Y]. The first two waves [W] and [X] have already been completed as double zigzags. The actionary wave [Y] can unfold like a double zigzag (W)-(X)-(Y). Shortly, the price is expected to decline within the impulsive sub-wave [C] towards level 0.638, where the zigzag sub-wave Y, as well as the actionary wave (W), can be completed. At level 0.638, sub-wave Y will reach the Fibonacci level of 200% of sub-wave W.
Trading plan for XRPUSD today:
Sell 0.695,
Take profit: 0.638.
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