Elliott wave Ripple analysis 27.12.2021

The XRPUSD market is forming a large wave (Y), in the form of an A-B-C zigzag. The middle part of the indicated zigzag, corrective wave B, is under development. Perhaps, this correction will take the form of a double zigzag [W] – [X] – [Y], where the sub-waves [W] – [X] are already completed. Now the last motive wave [Y] is developing. Most likely, it will take the form of a double zigzag (W) – (X) – (Y). Possibly, the decline in the linking wave (X) has come to an end, so shortly, the price will start to grow in the final sub-wave (Y) to the level of 1.055. At this level, the wave B will be 50% of the impulse A.

Trading plan for XRPUSD today:

Buy 0.919,

TP 1.055

LiteFinance: Elliott wave analysis BTCUSD, XRPUSD and ETHUSD today (27 December 2021) | LiteFinance

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