Elliott wave Ripple analysis 30.06.2022


The XRPUSD continues forming the long-term downtrend as a triple zigzag, with the final sub-wave Z developing inside as a standard zigzag [A]-[B]-[C]. There is forming the final impulse wave [C] composed of sub-waves (1)-(2)-(3)-(4)-(5), with the final sub-wave (5) unfolding inside. The Ripple price should be falling in wave (5) to a level of 0.285, market by impulse wave (3).

Trading plan for XRPUSD today:

Sell 0.323,

Take profit: 0.285.

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