Elliott wave Ripple analysis 03.12.2021

The final leg of the horizontal contracting triangle A-B-C-D-E continues forming in the hourly XRPUSD chart. Wave E could be unfolding as a simple zigzag [A]-[B]-[C]. The first sub-wave [A] could finish as a five-wave impulse (1)-(2)-(3)-(4)-(5) at a level around 1.070 marked by correction (B). Therefore, the Ripple price should be rising in the final sub-wave (5) to a level of 1.070. An approximate trajectory of the Ripple future price movement is outlined in the chart.

Trading plan for XRPUSD today:

Buy 0.967,

TP 1.070

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (3 December 2021) | LiteFinance

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