Elliott wave Ripple analysis 02.01.2023

The XRPUSD market is forming wave [Y] which serves as the final actionary wave in the double zigzag Y. It can take the shape of a standard zigzag (A)-(B)-(C). Presumably, wave (A) is not an impulse, but a leading diagonal, since sideways correction 4, which has the shape of a double three, has gone below the end of the first impulse sub-wave. Shortly, expect the development of the last sub-wave 5, within which the price may rise to the level of 0.470.

Trading plan for XRPUSD today:

Buy 0.404,

Take profit: 0.470.

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