Elliott wave Ripple analysis 28.02.2022

The XRPUSDmarket is forming a downtrend as a bearish five-wave impulse composed of sub-waves [1]-[2]-[3]-[4]-[5]. So far, sub-waves [1]-[2] have completed. There is developing the down sub-wave [3], namely, its final fifth sub-wave. Wave (5) must be unfolding as an impulse 1-2-3-4-5, as outlined in the chart. Wave 3 should end at a level of 0.618. One could enter sell trades in the current situation. 

Trading plan for XRPUSD today:

Sell 0.721.

Take profit: 0.618.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 28.02.2022 | LiteFinance

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