The XRPUSD market is forming the large bearish wave [Y] as a double zigzag (W)-(X)-(Y). The final motive wave (Y) is developing as a triple zigzag W-X-Y-XX-Z.The hourly timeframe displays the final part of this pattern. The Z wave is unfolding as a double zigzag [W]-[X]-[Y]. There is developing the linking wave [X] as a double zigzag (W)-(X)-(Y) of a smaller degree, where the (X) is a contracting triangle, which should end at a level of 0.905. At the indicated level, waves (W) and (Y) will be equal.
Trading plan for XRPUSD today:
Buy 0.764.
Take profit: 0.905.
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