The XRPUSD market is forming a corrective wave B, consisting of sub-waves [W] – [X] – [Y]. The actionary wave [Y] is unfolding. This wave may take the shape of a double zigzag (W) – (X) – (Y), in which the middle part, linking wave (X), has been completed. Soon, an actionary wave (Y) is expected to develop in the shape of a simple zigzag A-B-C, as shown in the chart. The first impulse wave A will likely end around the previous high of 0.951.
Trading plan for XRPUSD today: