Elliott wave Ripple analysis 30.12.2022

Ripple continues to build a bearish zigzag, within which the last part, impulse C, is unfolding. Wave C consists of sub-waves [1]-[2]-[3]-[4]-[5]. Recently correction [4] has been completed as a double zigzag (W)-(X)-(Y). Now there is a decrease within the sub-wave [5]. It is expected to end around the level of 0.316. Then the trend will reverse.

Trading plan for XRPUSD today:

Sell 0.336,

Take profit: 0.316.

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