Elliott wave Ripple analysis 17.02.2022

The XRPUSD market has started a new bear wave, likely developing as an impulse. The first sub-wave [1] must have completed as a five-wave impulse. There is forming the upward correction [2] as a simple zigzag (A)-(B)-(C). The final wave (C) must be forming as an ending diagonal. The entire pattern should end at a level of 0.874, where correction [2] will retrace impulse [1] by 76.4%.

Trading plan for XRPUSD today:

Buy 0.823,

Take profit: 0.874.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 17.02.2022 | LiteFinance

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