Elliott wave Ripple analysis 13.02.2023

Bearish corrective wave [B] will unfold as a triple zigzag (W)-(X)-(Y)-(XX)-(Z). The first three sub-waves (W)-(X)-(Y) have been completed. Soon, expect the development of the second linking wave (XX). It will end at the level 0.406 where it will be 76.4% of wave (Y). Then the price will decline in wave (Z) towards the level of 0.349, where the correction [B] will be 61.8% of the impulse [A].

Trading plan for XRPUSD today:

Buy 0.371,

Take profit: 0.406.

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