Elliott wave Ripple analysis 07.03.2022

The XRPUSD current chart displays the final part of the linking wave XX. After the XX wave finished, the market has been forming the motive wave Z as a double zigzag [W]-[X]-[Y]. There is unfolding the linking wave [X] as a double zigzag (W)-(X)-(Y), with the final sub-wave (Y) developing inside. The (Y) should finish at a level of 0.829, where the (Y) wave will be 76.4% of (W).

Trading plan for XRPUSD today:

Buy 0.720.

Take profit: 0.829.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 07.03.2022 | LiteFinance

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