Elliott Wave analysis for Ripple 18.04.2022

A downward corrective pattern is developing in the last part of the XRPUSD chart. It may unfold as a double zigzag (W)-(X)-(Y). The first actionary wave (W) is fully formed as a double zigzag W-X-Y. The bullish corrective wave (X) is developing at the moment; it may also unfold as a double zigzag W-X-Y. Most likely, the subwaves W-X are fully formed. They are marked as small doubles zigzags — subwaves [W]-[X]-[Y]. The price is expected to rise in the actionary wave Y in the nearest time and stop at the level 0.856, where the size of wave (X) will be 76.4% of wave (W). 

Trading plan for XRPUSD for today:

Buy 0.754,

Take profit: 0.856.

LiteFinance: Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 18.04.2022 | LiteFinance

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