Elliott wave Ripple analysis 09.05.2023

The Ripple market completes the construction of the actionary wave [W] as a standard zigzag (A)-(B)-(C). Shortly expect a price reversal and the beginning of the linking wave [X] formation. It will end around 0.474. At this level, wave [X] will be 38.2% of the bearish wave [W]. It is still difficult to say what corrective shape wave [X] will take. Watch the market.

Trading plan for XRPUSD today:

Buy 0.424,

Take profit: 0.474.

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