Elliott wave Ripple analysis 02.11.2022

After the completion of the linking wave XX, the construction of a new zigzag wave by the XRPUSD market began, which will consist of sub-waves [A]-[B]-[C]. Now the first sub-wave [A] is unfolding as the leading diagonal judging by the internal structure. This diagonal will be completed near the 0.494 level, marked by minor correction 4. Then the price may correct within the bearish wave [B], as shown in the chart.

Trading plan for XRPUSD today:

Buy 0.459,

Take profit: 0.494






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