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Elliott wave Ripple analysis 12.05.2022

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, with the C wave developing inside as an impulse [1]-[2]-[3]-[4]-[5]. This impulse should soon end at a level of 0.302, where wave (Z) will be 161.8% of wave (Y).

Trading plan for XRPUSD today:

Sell 0.411,

Take profit: 0.302.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 12.05.2022 | LiteFinance



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