Elliott wave Ripple analysis 07.11.2022

The XRPUSD market is building a bullish zigzag [A]-[B]-[C], which forms the final wave Z of a large triple zigzag. The first wave [A] is the leading diagonal (1)-(2)-(3)-(4)-(5), judging by its internal structure. Bearish correction [B] is an (A)-(B)-(C) zigzag. The last sub-wave [C] may unfold as an impulse above the high of 0.511. This high is marked by a corrective sub-wave A.

Trading plan for XRPUSD today:

Buy 0.472,

Take profit: 0.511

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