Elliott wave Ripple analysis

21 thg 12, 2021

The XRPUSD market is forming the motive wave (Y) as a simple zigzag A-B-C. There is developing the corrective wave B as a double zigzag [W]-[X]-[Y]. The final motive wave [Y] will be concluded by the (Y) wave, namely, by its final impulse wave C. The Ripple price should be rising to a level of 0.966, where corrective wave B will retrace the A impulse by 50%.

Trading plan for XRPUSD today:
Buy 0.878, TP 0.966