Corrective wave B, which is part of the potential A-B-C zigzag, has come to an end. It consists of five main sub-waves [W]-[X]-[Y]-[X]-[Z]. Shortly, bearish wave C will unfold as a 5-wave impulse [1]-[2]-[3]-[4]-[5]. The first two sub-waves [1]-[2] have already been completed. Wave [1] is the initial diagonal. Bears are trying to reach level 0.284. In the current situation, consider opening short trades.
Trading plan for XRPUSD today:
Sell 0.400,
Take profit: 0.284.
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