The XRPUSD market is forming the final leg of the large contracting triangle, that is, wave E is unfolding as a simple zigzag [A]-[B]-[C]. The first sub-wave [A] could end as a five-wave impulse (1)-(2)-(3)-(4)-(5) at a level around 1.070 marked by correction (B). Therefore, the price should be moving in sub-waves (4)-(5) to the indicated level. One could enter buy trades in the current situation.
Trading plan for XRPUSD today:
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