Elliott wave Ripple analysis 05.04.2023

XRPUSD completed the impulse sub-wave 3 inside the impulse (5) of [C]. Bearish correction 4 will soon be completed as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. Soon, after this, expect the price to rise in the last ascending sub-wave 5, approximately to the high of 3. At the level of 0.581, the bullish impulse (5) will be 123.6% of the impulse (3).

Trading plan for XRPUSD today:

Buy  0.505,
Take profit: 0.581.

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.