The XRPUSD market continues forming the final motive wave (Y) in the double zigzag. The (Y) wave is developing as a simple zigzag A-B-C. The A impulse, composed of five sub-waves ----, must have completed, and the bullish correction B has started developing as a double combination [W]-[X]-[Y], as outlined in the chart. The first sub-wave must have a complex structure of a double combination W-X-Y. The entire B wave should end at a level of 1.163, where wave B will retrace the A wave by 76.4%.
Trading plan for XRPUSD today:
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