Elliott wave Ripple analysis 26.05.2022

The XRPUSD continues forming the descending impulse wave [C] composed of five sub-waves (1)-(2)-(3)-(4)-(5), where three sub-waves (1)-(2)-(3) have finished. The market is forming the upward corrective wave (4) as a double zigzag W-X-Y, with the final motive wave Y unfolding as a triple zigzag. The entire pattern could finish at a level of 0.492, where wave (4) will be 50% of impulse (3). One could enter long trades in the current situation. 

Trading plan for XRPUSD today:

Buy 0.404,

Take profit: 0.492.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 26.05.2022 | LiteFinance

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