Elliott wave Ripple analysis  29.07.2022

The XRPUSD market continues forming the final part of the corrective wave (4). Wave (4) could finish as a standard zigzag A-B-C. Sub-waves [1]-[2]-[3]-[4] have finished in the impulse wave C. After correction [4] completed as a double zigzag, the price has been rising in the impulse wave [5], which could finish at a level of 0.388. Next, the market will be moving down in sub-wave (5), as outlined in the chart.

Trading plan for XRPUSD today:

Buy 0.374,

Take profit: 0.388.

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