The market remains in a downtrend, though wave analysis indicates a potential end to the current trend.
An analysis of the wave structure shows the development of a corrective movement in the form of an ABC zigzag. This corrective pattern is a common signal of a pause in the current downtrend. There is the final wave [c] now.
Within a lower-degree wave structure, the development of a triple three is noted. The formation of the wave (z) is being completed in this structure. Against this background, the completion of correction and the beginning of a more directional movement are expected.
Thus, Ripple continues to move within a downward wave structure in the medium term. However, after the completion of the current wave, a change in the direction of movement can be observed.
In this case, the emphasis is on short positions that can be considered at current levels.