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Elliott wave Ripple analysis 26.07.2022

The XRPUSD is forming the bearish impulse [C] composed of five sub-waves, three of which must have finished. Corrective wave 4 is currently unfolding as a bullish zigzag A-B-C, with the final wave C developing inside. Correction [4] of a smaller degree must have finished as a double zigzag (W)-(X)-(Y). The Ripple price should be rising in sub-wave [5] to the high of 0.388, where the entire impulse C could complete. 

Trading plan for XRPUSD today:

Buy 0.332,

Take profit: 0.388.








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