$XRP
𝐄𝐥𝐥𝐢𝐨𝐭𝐭 𝐖𝐚𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐟𝐨𝐫 𝐑𝐢𝐩𝐩𝐥𝐞: 𝐒𝐡𝐨𝐫𝐭 𝐓𝐞𝐫𝐦 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐟𝐨𝐫 𝐛𝐞𝐬𝐭 𝐫𝐞𝐭𝐮𝐫𝐧𝐬
The price is expected to rise in impulse (5). Consider long positions with Take Profit at a high of 1.625.
The XRPUSD chart presents a breakdown of a large correction pattern – zigzag [A]-[B]-[C]. We can see the final part of the completed impulse wave [A]. Correction [B] is formed as a zigzag (A)-(B)-(C). A bullish wave [C] is presumably developing as an impulse (1)-(2)-(3)-(4)-(5) in the last segment of the chart. Apparently, its subwaves (1)-(2)-(3)-(4) have already formed. The price is projected to grow in subwave (5) to 1.625, where the size of wave (5) will be 76.4% of wave (3). This level is also a peak reached by subwave 3.
Trading Plan for XRPUSD for Today:
Buy 1.578
Take profit: 1.650