Elliott wave Ripple analysis 27.06.2022

The XRPUSD market is forming a long-term corrective trend as a triple zigzag W-X-Y-X-Z, with the final sub-wave Z developing inside as a standard zigzag [A]-[B]-[C]. Sub-wave (5) should son conclude the [C] impulse at a level of 0.285, the previous low marked by impulse (3), as outlined in the chart.

Trading plan for XRPUSD today:

Sell 0.362,

Take profit: 0.285.

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