Elliott wave Ripple analysis 25.04.2022

The most recent XRPUSD chart section shows the development of the actionary wave [Y], which serves as the final part of the double zigzag [W]-[X]-[Y]. Wave [Y], as well as sub-waves [W] and [X], will take the shape of a double zigzag (W)-(X)-(Y), as shown in the chart. Now the wave (W) is developing, consisting of sub-waves W-X-Y. Shortly, the price is expected to decrease within the impulse sub-wave [C] towards level 0.640. At this level, the actionary wave Y will be 200% of wave W, according to the Fibonacci retracement.

Trading plan for XRPUSD today:

Sell 0.675,

Take profit: 0.640.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 25.04.2022 | LiteFinance

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