Elliott wave Ripple analysis 24.01.2023

Ripple builds wave Y as a double zigzag [W]-[X]-[Y], where sub-waves [W] and [X] have already been completed. Now the initial part of the final actionary wave [Y] is unfolding as a standard zigzag (A)-(B)-(C), as shown in the chart. The first impulse sub-wave (A) will end at the level of 0.466, then the price may roll back a little in the correction (B).

Trading plan for XRPUSD today:

Buy 0.417,

Take profit: 0.466.

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