Elliott wave Ripple analysis 23.03.2023

Ripple builds an actionary wave Y as a standard zigzag [A]-[B]-[C]. Now the last wave [C] is unfolding. Its structure is similar to the impulse (1)-(2)-(3)-(4)-(5). The correction (4) has come to an end. Soon expect growth in sub-wave (5) to the level of 0.511. At this level, wave [C] will be 123.6% of the impulse [A]. In the current situation, consider opening long trades.

Trading plan for XRPUSD today:

Buy 0.417,

Take profit: 0.511.





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