The XRPUSD market is forming the bearish wave (Y) as a simple zigzag A-B-C. Impulse wave A, composed of five sub-waves [1]-[2]-[3]-[4]-[5], looks complete. There has started correction B unfolding as a double combination [W]-[X]-[Y], as outlined in the chart. The first motive wave must be developing as a double combination of a smaller degree, where sub-wave (Y) is a double zigzag W-X-Y. The entire wave B should end at a level of 1.163.
Trading plan for XRPUSD today:
Buy 0.851, TP 1.163
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