Elliott wave Ripple analysis 02.05.2022

The XRPUSD chart displays the structure of the large wave (Y), unfolding as a triple zigzag. The final leg of the pattern, sub-wave Z is unfolding as a double zigzag [W]-[X]-[Y] and is about to end soon. The motive wave [Y] could finish as a triple zigzag (W)-(X)-(Y)-(XX)-(Z) at a level of 0.514, where sub-wave (Z) will be 61.8% of the (Y) wave.

Trading plan for XRPUSD today:

Sell 0.620,

Take profit: 0.514.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 02.05.2022 | LiteFinance

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