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Elliott wave Ripple analysis 14.02.2022

The XRPUSD market must have completed the upward linking wave XX as double zigzag [W]-[X]-[Y]. The market has turned down and started forming a new bearish wave. There should be forming the initial part of the down impulse. The first impulse wave [1] finished, and the Ripple price is rising in correction [2] unfolding as a zigzag (A)-(B)-(C). The zigzag should finish at a level of 0.874, where wave [2] will retrace wave [1] by 76.4%.

Trading plan for XRPUSD today:

Buy 0.792.

Take profit: 0.874.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 14.02.2022 | LiteFinance


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