Elliott wave Ripple analysis 11.05.2022

The XRPUSD is forming the corrective down wave as a triple zigzag (W)-(X)-(Y)-(X)-(Z). The final sub-wave (Z) is unfolding as a standard zigzag A-B-C. Impulse A and correction B have completed, and the final sub-wave C is developing as an impulse [1]-[2]-[3]-[4]-[5], which should finish at a level of 0.436, where waves (Y) and (Z) will be equal.

Trading plan for XRPUSD today:

Sell 0.511,

Take profit: 0.436.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 11.05.2022 | LiteFinance

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