The XRPUSD market is building an actionary wave [Y] as a bearish double zigzag (W)-(X)-(Y). Wave [Y] is part of a large triple zigzag. The development of the actionary wave (W) as a bearish double zigzag W-X-Y has come to an end. Thus, an upward price movement is soon expected within the linking wave (X). It is assumed that the market’s growth will continue to level 0.731, at which wave (X) will reach the Fibonacci level of 61.8% of wave (W).
Trading plan for XRPUSD today:
Take profit: 0.731.