Elliott wave Ripple analysis
XRP / U.S. dollar BITSTAMP:XRPUSD
The XRPUSD market must have completed the upward linking wave XX as double zigzag –. The market has turned down and started forming a new bearish wave. There should be forming the initial part of the down impulse. The first impulse wave finished, and the Ripple price is rising in correction unfolding as a zigzag (A)-(B)-(C). The zigzag should finish at a level of 0.874, where wave will retrace wave by 76.4%.
Trading plan for XRPUSD today:
Buy 0.792, Take profit: 0.874.
