Elliott Wave analysis for Ripple

23 בפבר׳ 2022

After an ascending linking wave XX formed, the market turned down following a new trend. Bearish impulse [1]-[2]-[3]-[4]-[5] appears to be developing in the last chart segment. The middle part of the impulsive subwave [3] — subwave (3) — is forming now. The subwave (3) will likely end at 0.646, and a small correction might then develop.

Trading plan for XRPUSD for today:
Sell 0.714, Take profit: 0.646.