Elliott wave Ripple analysis 15.02.2022

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

Trading plan for XRPUSD today:

Buy 0.819,

Take profit: 0.874.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.02.2022 | LiteFinance

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