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Elliott wave Ripple analysis 20.01.2022

The XRPUSD market must be forming a large down wave Y as a simple zigzag [A]-[B]-[C], with the final impulse wave [C] unfolding inside. The first three sub-waves have completed in the [C] impulse, and correction (4) is currently unfolding. Correction B seems to have completed as a bearish zigzag [A]-[B]-[C]. Therefore, the Ripple price should be rising in the C wave to a level of 0.805, marked by impulse A.

Trading plan for XRPUSD today:

Buy 0.742, Take profit: 0.805.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 20.01.2022 | LiteFinance

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