Elliott wave Ripple analysis 31.01.2023

The Ripple market continues to form wave [Y] which serves as the final actionary wave in the double zigzag Y. It can be completed as a standard zigzag (A)-(B)-(C). Presumably, wave (A) serves as an initial diagonal, as sideways correction 4, which has the shape of a double three, has gone below the end of the first impulse sub-wave. Shortly, expect the rise of the last sub-wave 5 to the price level of 0.470.

Trading plan for XRPUSD today:

Buy 0.389,
Take profit: 0.470.







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