Elliott wave Ripple analysis 13.01.2023

An ascending linking wave [X] has been completed as a zigzag [A]-[B]-[C]. Shortly expect the development of a new zigzag wave [Y]. An approximate trajectory of Ripple’s future price movement is outlined in the chart. The potential zigzag will end at the level of 0.298. This is the previous low where the actionary zigzag wave [W] has been completed. In the current situation, consider opening short trades.

Trading plan for XRPUSD today:

Sell 0.376,

Take profit: 0.298.

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