Elliott wave Ripple analysis

9 feb 2022

The XRPUSD market continues rising in the linking wave XX, which is an element of the global triple zigzag. The linking wave XX should be unfolding as a double zigzag [W]-[X]-[Y]. The first two sub-waves of the zigzag have completed, and the final sub-wave [Y] is currently developing as a double zigzag (W)-(X)-(Y). The price should be following the final wave (Y) up to a level of 0.930.

Trading plan for XRPUSD today:
Buy 0.845, Take profit: 0.930.