Elliott wave Ripple analysis  09.06.2022

The XRPUSD is forming a long corrective wave (4) as a part of a larger descending wave. Wave (4) is a triple three composed of sub-waves W, X, Y, X, and Z, where the first three sub-waves, W, X, and Y, have completed. There is unfolding the sideways wave X as a double three [W]-[X]-[Y]. A short bullish correction (B) should soon end, and the Ripple price will continue falling in the impulse wave (C) to a level of 0.376, the previous low made by the first linking wave X. An approximate trajectory of the Ripple future price movement is outlined in the chart.

Trading plan for XRPUSD today:

Sell 0.399,

Take profit: 0.376.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 09.06.2022 | LiteFinance

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