Elliott wave Ripple analysis 22.12.2021

The XRPUSD market continues forming the descending motive wave (Y) as a simple zigzag A-B-C. There is unfolding corrective wave B as a double zigzag [W]-[X]-[Y]. There is unfolding the final motive wave [Y] as a double combination, which will be concluded by wave (Y), whose final impulse is currently developing. The Ripple price will be rising in the C impulse to a level of 1.055, where the entire correction B will be 61.8% of impulse A.

Trading plan for XRPUSD today:

Buy 0.967,

TP 1.055

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (22 December 2021) | LiteFinance

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