Elliott wave Ripple analysis 05.05.2022

The XRPUSD market is forming a long-term motive wave (Y) as a triple zigzag W-X-Y-XX-Z. The current chart displays the final sub-wave Z, developing as a double zigzag [W]-[X]-[Y]. There is unfolding the final descending motive wave [Y] 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 0.521, where wave (Z) will be 61.8% of the (Y) wave.

Trading plan for XRPUSD today:

Sell 0.646,

Take profit: 0.521.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 05.05.2022 | LiteFinance

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