Elliott wave Ripple analysis 04.04.2022

The XRPUSD market is forming a corrective trend as a triple zigzag W-X-Y-XX-Z. The market must have completed the second linking wave XX as a double zigzag [W]-[X]-[Y]. The price is now falling in the bearish waves unfolding as a double zigzag, with the first motive wave (W) unfolding inside. Sub-waves W and X must have completed in the (W) wave. Over the next few days, the market should be declining in the impulse sub-wave [C] that will conclude the zigzag-shaped wave Y at a level around the previous low of 0.775.

Trading plan for XRPUSD today:

Sell 0.832,

Take profit: 0.775.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.04.2022 | LiteFinance

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