Elliott wave Ripple analysis 29.04.2022

The XRPUSD market continues to develop the actionary wave [Y] as a bearish double zigzag (W)-(X)-(Y). Wave [Y] is part of a large triple zigzag. The construction of the actionary wave (W) as a bearish double zigzag W-X-Y has come to an end. Thus, shortly, an upward movement of the price is expected within the linking wave (X). The growth of the market will continue to level 0.690, at which wave (X) will reach the Fibonacci level of 38.2% of wave (W).

Trading plan for XRPUSD today:

Buy 0.636,

Take profit: 0.690.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 29.04.2022 | LiteFinance

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