Elliott wave Ripple analysis  23.05.2022

The XRPUSD continues a descending impulse wave [C] composed of five sub-waves (1)-(2)-(3)-(4)-(5). After impulse (3) completed, the market has been forming the upward corrective wave (4) as a double zigzag W-X-Y, which should finish at a level of 0.492, where wave (4) will be 50% of impulse (3). One could consider entering buy trades in the current situation.

Trading plan for XRPUSD today:

Buy 0.418,

Take profit: 0.492.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 23.05.2022 | LiteFinance

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