Elliott wave Ripple analysis 25.11.2021

The XRPUSD market continues forming the large linking wave (X) as a contracting triangle A-B-C-D-E. The D has recently completed as a double zigzag [W]-[X]-[Y]. There is forming the initial part of the final wave E. Therefore, the market should be rising in the E wave in the next few days to a level above the previous high of 1.100, marked by correction (B). One could enter buy trades in the current situation.

Trading plan for XRPUSD today:

Buy 1.031, TP 1.100

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (25 November 2021) | LiteFinance

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