Elliott wave Ripple analysis 23.11.2021

The XRPUSD market continues forming the large linking wave (X) as a contracting triangle A-B-C-D-E. The market must have completed the fourth leg of the triangle, wave D, as a double zigzag [W]-[X]-[Y]. Therefore, the Ripple price should be rising in the final wave E over the next few days. The first upside target is at the previous high of 1.100, marked by correction (B).

Trading plan for XRPUSD today:

Buy 1.044, TP 1.100

LiteForex: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (23 November 2021) | LiteForex

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