Elliott Wave analysis for Ripple 28.12.2021

The XRPUSD pair is plotting an upward corrective wave B, which has started unfolding once a downward impulsive wave A fully formed. The corrective wave B looks like a double zigzag [W]-[X]-[Y], with actionary wave [Y] currently forming. The wave [Y]’s inner structure looks like a double zigzag (W)-(X)-(Y), where actionary wave (W) is a triple zigzag. The ultimate wave (Y) is expected to form as a double pattern and end near level 1.055. Correction B will be 50% of impulse A at that level.

Trading plan for XRPUSD for today:

Buy 0.937,

TP 1.055

LiteFinance: Elliott Wave analysis for BTCUSD, XRPUSD, and ETHUSD for today (28 December 2021) | LiteFinance

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