Elliott wave Ripple analysis 24.01.2022

The XRPUSD market is forming the down motive wave Y as a simple zigzag [A]-[B]-[C]. Since late December 2021, the Ripple market has been declining, forming the final wave [C] as an impulse (1)-(2)-(3)-(4)-(5). So far, sub-waves (1)-(2)-(3)-(4) have completed, and the final sub-wave (5), namely, its final fifth sub-wave, is currently unfolding. The market should be declining in wave 5 to a level of 0.543.

Trading plan for XRPUSD today:

Sell 0.617.

Take profit: 0.543.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 24.01.2022 | LiteFinance

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