The XRPUSD pair is plotting an upward corrective wave B, which has started unfolding once a downward impulsive wave A fully formed. The corrective wave B looks like a double zigzag [W]-[X]-[Y], with actionary wave [Y] currently forming. The wave [Y]’s inner structure looks like a double zigzag (W)-(X)-(Y), where actionary wave (W) is a triple zigzag. The ultimate wave (Y) is expected to form as a double pattern and end near level 1.055. Correction B will be 50% of impulse A at that level.
Trading plan for XRPUSD for today: