Elliott wave Ripple analysis 10.12.2021

The XRPUSD market is forming a large zigzag-shaped wave (Y), with sub-wave A completed as a simple impulse and upward correction B unfolding as a double zigzag [W]-[X]-[Y] inside. The first motive wave [W] must have completed, and the descending linking wave X should soon end. Next, the Ripple price will be rising in the final motive wave [Y] to a level of 1.053, as outlined in the chart. At the indicated level, wave B will retrace the A wave by 61.8%.

Trading plan for XRPUSD today:

Buy 0.847,

TP 1.053 .

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (10 December 2021) | LiteFinance


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