Elliott wave Ripple analysis 25.02.2022

The XRPUSD market is forming a bearish impulse, which will consist of five sub-waves [1]-[2]-[3]-[4]-[5]. At the moment, an impulse subwave [3] is being formed. Possibly, the construction of the downward impulse (3) has come to an end as part of the wave [3]. This is a signal for a bullish correction (4). The price in the corrective sub-wave (4) will likely rise to the previous high of 0.740, which was marked by sub-wave 4. In the current situation, it is profitable to consider entering purchases. 

Trading plan for XRPUSD today:

Buy 0.694.

Take profit: 0.740.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.02.2022 | LiteFinance

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