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Elliott wave Ripple analysis 28.06.2022

The XRPUSD market is forming the long-term bearish trend as a triple zigzag. There is forming the final wave Z as a zigzag [A]-[B]-[C]. There is unfolding the final wave [C] as an impulse (1)-(2)-(3)-(4)-(5), with the first four sub-waves completed inside. There is developing sub-wave (5), as outlined in the chart. The Ripple price could drop to the previous low of 0.285, marked by impulse (3).

Trading plan for XRPUSD today:

Sell 0.352,

Take profit: 0.285.





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