Bioimpedance monitoring is an increasingly important non-invasive technique for assessing physiological parameters such as body composition, hydration levels, heart rate, and breathing. However, sensor signals obtained from real-world experimental conditions invariably contain noise, which can significantly degrade the reliability of the derived quantities. Therefore, it is crucial to evaluate the quality of measured signals to ensure accurate physiological parameter values. In this study, we present a novel wrist-worn wearable device for bioimpedance monitoring, and propose a method for estimating signal quality for sensor signals obtained on the device. The method is based on the continuous wavelet transform of the measured signal, identification of wavelet ridges, and assessment of their energy weighted by the ridge duration. We validate the algorithm using a small-scale experimental study with the wearable device, and explore the effects of variables such as window size and different skin/electrode coupling agents on signal quality and repeatability. In comparison with traditional wavelet-based signal denoising, the proposed method is more adaptive and achieves a comparable signal-to-noise ratio.