Elliott wave Ripple analysis 09.05.2022

The XRPUSD market is forming the final leg of the large triple zigzag, wave Z. The Z wave is unfolding as a double zigzag [W]-[X]-[Y], with sub-waves [W]-[X] completed inside. The final motive wave is currently developing as a triple zigzag (W)-(X)-(Y)-(XX)-(Z). The first four parts of this triple pattern have finished. There is forming the final zigzag-shaped sub-wave (Z), namely, its final impulse wave C. The Ripple price should be moving down to a level of 0.506, as outlined in the chart.

Trading plan for XRPUSD today:

Sell 0.569,

Take profit: 0.506.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 09.05.2022 | LiteFinance

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