Ringworm Ankle Rash. The ringworm looks like a circular rash with wavy or curvy outside edges. Women can also develop jock itch.

Your skin may be dry, scaly, and thickened in the areas of the rash. It usually appears on the back of the hands, feet, elbows or ankles. Additionally, ankle rashes may appear as dots, spots, or patches, or they can be solid and continuous.