Elliott wave Ripple analysis 16.03.2022

The XRPUSD market is forming the final leg of the large triple zigzag W-X-Y-XX-Z. The Z wave is unfolding as a double zigzag [W]-[X]-[Y]. There is developing the linking wave [X] as a double zigzag (W)-(X)-(Y), where the (X) wave is a contracting triangle. The pattern should finish at a level of 0.860, where sub-wave (Y) will be 76.4% of the motive wave (W). An approximate trajectory of the Ripple future price movement.

Trading plan for XRPUSD today:

Buy 0.756.

Take profit: 0.860.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 16.03.2022 | LiteFinance

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