Elliott Wave analysis for Ripple  20.04.2022

Ripple is expected to follow a corrective downtrend which may develop as a double zigzag (W)-(X)-(Y). The first actionary wave (W) formed as a double zigzag W-X-Y. A linking wave (X) is currently developing. It also looks like a double zigzag, W-X-Y, which needs an actionary wave Y to be fully completed. Based on its first part, the wave Y may develop as a zigzag [A]-[B]-[C]. The pair may grow in impulse [C] to a level of 0.822 in the near time, where the size of wave (X) will be 61.8% of the actionary wave (W).

Trading plan for XRPUSD for today:

Buy 0.764,

Take profit: 0.822.

LiteFinance: Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 20.04.2022 | LiteFinance

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