Elliott wave Ripple analysis 06.02.2023

Ripple is constructing a linking wave (X) as a double zigzag W-X-Y. The chart shows that the last actionary wave Y is unfolding as a standard zigzag [A]-[B]-[C]. Impulse [A] and correction [B] have been completed. Now the last sub-wave [C] is unfolding. Wave [C] may take the shape of an impulse (1)-(2)-(3)-(4)-(5), as shown in the chart. The first two small sub-waves (1) and (2) have been completed. Soon expect growth in the third sub-wave towards the level of 0.508.

Trading plan for XRPUSD today:

Buy 0.395,

Take profit: 0.508.

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