Elliott wave Ripple analysis

4 thg 2, 2022

The XRPUSD market continues rising in the double zigzag [W]-[X]-[Y]. There is unfolding the final subwave [Y] as a simple zigzag as outlined in the chart. The final impulse wave could end at a level of 0.658, marked by the [W] wave. At the indicated level, wave [Y] will reach the Fibonacci ratio of 76.4% of wave [W]. One could enter purchases in the current situation.

Trading plan for XRPUSD today:
Buy 0.607, Take profit: 0.658.