Elliott wave Ripple analysis  24.03.2022

The XRPUSD market must be forming the bearish wave Z as a descending double zigzag [W]-[X]-[Y], with the bullish linking wave [X], composed of sub-waves (W)-(X)-(Y), completed inside. The Ripple price should be falling in the final sub-wave [Y] unfolding as a descending zigzag (A)-(B)-(C), as outlined in the chart. The first impulse wave (A) could end at a level of 0.738, marked by correction B. The potential structure of the (A) wave, likely composed of sub-waves 1-2-3-4-5, is outlined in the chart.

Trading plan for XRPUSD today:

Sell 0.831.

Take profit: 0.738.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 24.03.2022 | LiteFinance

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