Elliott wave Ripple analysis 04.05.2022

The XRPUSD is forming a descending corrective pattern as a double zigzag [W]-[X]-[Y], with the first two sub-waves [W] and [X] finished inside. The final sub-wave [Y] is unfolding as a triple zigzag (W)-(X)-(Y)-(XX)-(Z), with sub-wave (Z) developing inside. The Ripple price should be moving down in sub-wave (Z) to a level of 0.514, where wave (Z) will be 61.8% of the (Y) wave.

Trading plan for XRPUSD today:

Sell 0.611,

Take profit: 0.514.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.05.2022 | LiteFinance

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