Elliott wave Ripple analysis 03.11.2022

The XRPUSD market shows that the linking wave XX has been completed. Later, the construction of a new zigzag consisting of sub-waves [A]-[B]-[C] began. 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 a minor correction 4. Then the price may correct within the bearish wave [B], as shown in the chart.

Trading plan for XRPUSD today:

Buy 0.456,

Take profit: 0.494.

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