Elliott wave Ripple analysis 22.02.2022

The XRPUSD market is forming a global triple zigzag W-X-Y-XX-Z. Not so long ago, a linking wave XX was built in the form of a double zigzag [W]-[X]-[Y]. A downward trend is now visible, which is developing an impulse [1]-[2]-[3]-[4]-[5]. The last section of the chart shows the first half of the bearish impulse [3]. A component of this impulse, sub-wave (3), may end at level 0.577. This level is marked with a linking wave [X]. An approximate scheme of a possible future movement is shown in the chart.

Trading plan for XRPUSD today:

Sell 0.676.

Take profit: 0.577.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 22.02.2022 | LiteFinance

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