Elliott wave Ripple analysis 02.06.2022

The XRPUSD market completed the motive wave (Y) as a triple zigzag. The market is now rising in the initial part of the new impulse wave. Sub-waves (1) and (2) have completed, and the Ripple price is now rising in impulse wave (3). Two sub-waves out of five have finished in wave (3). There should be unfolding sub-waves 3-4-5, as outlined in the chart. Wave (3) should end at a level of 0.534, the previous high marked by correction 4.

Trading plan for XRPUSD today:

Buy 0.402,

Take profit: 0.534.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 02.06.2022 | LiteFinance

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