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Elliott wave Ripple analysis 14.12.2021

The hourly XRPUSD chart displays the structure of the bearish motive wave (Y) unfolding as a simple zigzag with the impulse wave A completed inside. There is forming the bullish correction B as a double zigzag [W]-[X]-[Y]. Wave [W] has completed as a double combination. The linking wave [X], composed of sub-waves (W)-(X)-(Y), could soon end. Therefore, the Ripple price should be rising in wave [Y] to a level of 1.052, where correction B will be 61.8% of impulse A.

Trading plan for XRPUSD today:

Buy 0.783,

TP 1.052

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (14 December 2021) | LiteFinance

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