Elliott wave Ripple analysis 31.01.2022

The XRPUSD market must have completed the down motive wave Y, and the initial part of the new bullish ave is unfolding as a double zigzag [W]-[X]-[Y] in the most recent chart section. The first motive sub-wave [W] must have finished, as well as lining wave [X]. The price should be rising in the final motive wave [Y] towards a level of 0.685. The price level is defined based on the Fibonacci tools. At the indicated level, waves [W] and [Y] will be equal.

Trading plan for XRPUSD today:

Buy 0.580.

Take profit: 0.685.

LiteFinance: Short-term forecast for BTCUSD, XRPUSD and ETHUSD 31.01.2022 | LiteFinance


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