Elliott wave Ripple analysis  16.05.2022

The XRPUSD market is forming wave Z as a zigzag [A]-[B]-[C]. Sub-waves [A] and [B] have completed, and the [C] impulse is currently developing, with wave (4) unfolding inside as a double zigzag W-X-Y. Wave (4) should end at a level of 0.492, where it will retrace impulse (3) by 50%. This ratio is highly likely to be reached.

Trading plan for XRPUSD today:

Buy 0.442,

Take profit: 0.492.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 16.05.2022 | LiteFinance

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