Elliott wave Ripple analysis  30.05.2022

The XRPUSD is forming a bearish impulse wave [C], the final leg of the motive wave Z. Wave [C] is composed of sub-waves (1)-(2)-(3)-(4)-(5). The sideways correction (4) is currently unfolding as a triangle A-B-C-D-E. The price could rise in the final wave E to a level of 0.406. Next, the Ripple market should be declining in sub-wave (5), as outlined in the chart.

Trading plan for XRPUSD today:

Buy 0.394,

Take profit: 0.406.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 30.05.2022 | LiteFinance

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