Elliott wave Ripple analysis
The XRPUSD market must have completed the linking wave XX as a double zigzag [W]-[X]-[Y]. Next, the market has turned down and started forming a new bearish wave. There must be developing the initial part of a descending impulse. The first impulse [1] must have finished, and the price is rising in correction [2], unfolding as a zigzag (A)-(B)-(C). This zigzag should end at a level of 0.874, where wave [2] will retrace impulse [1] by 76.4%.
Trading plan for XRPUSD today:
Buy 0.819, Take profit: 0.874.
Trading plan for XRPUSD today:
Buy 0.819, Take profit: 0.874.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.