Elliott wave Ripple analysis 13.05.2022

The most recent XRPUSD chart section displays the down motive wave (Z), the final leg of the triple zigzag of a larger degree (W)-(X)-(Y)-(XX)-(Z). Wave (Z) should be developing as a zigzag A-B-C, with the final leg C unfolding inside as an impulse [1]-[2]-[3]-[4]-[5]. The C impulse is about to end after wave (5) of [5] completes. Following wave (5), the price should be moving down to a level of 0.302, where wave (Z) will be 161.8% of wave (Y).

Trading plan for XRPUSD today:

Sell 0.438,

Take profit: 0.302 .

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.05.2022 | LiteFinance

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