Elliott wave Ripple analysis 17.11.2022

The XRPUSD market is building a down wave A, which serves as the first part of a potential A-B-C zigzag. Wave A is similar to an impulse, within which the corrective wave [4] is unfolding. Correction [4] will be completed soon. It is similar to the standard zigzag (A)-(B)-(C), where (C) serves as the ending diagonal 1-2-3-4-5. Shortly, the price should be growing within the sub-wave 5 towards level 0.400.

Trading plan for XRPUSD today:

Buy 0.373,

Take profit: 0.400.

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