Elliott Wave Analysis TradingLounge Daily Chart
XRP/ U.S. Dollar (XRPUSD)
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next Higher Degrees: Wave I of Impulse
Wave Cancel Invalid Level: N/A
Details: The five-wave increase within Wave III.
XRP/ U.S. Dollar (XRPUSD) Trading Strategy
The correction appears to be concluding. Consider entering the uptrend as it resumes after this short-term correction.
XRP/ U.S. Dollar (XRPUSD) Technical Indicators
- MA200 Position: The price is above the MA200, indicating an uptrend.
- Wave Oscillator: Shows bullish momentum.
Elliott Wave Analysis TradingLounge H4 Chart
XRP/ U.S. Dollar (XRPUSD)
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next Higher Degrees: Wave I of Impulse
Wave Cancel Invalid Level: N/A
Details: The five-wave increase within Wave III.
XRP/ U.S. Dollar (XRPUSD) Trading Strategy
XRPUSD remains in a corrective phase, currently positioned in Wave (II) with a double corrective pattern. Anticipate a short-term pullback before the market resumes its rise in Wave (III). Wait for the correction to complete to re-enter the uptrend.
XRP/ U.S. Dollar (XRPUSD) Technical Indicators
- MA200 Position: The price is above the MA200, indicating an uptrend.
- Wave Oscillator: Shows bullish momentum.
Technical Analyst: Kittiampon Somboonsod
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See Previous: VETUSD Elliott Wave Technical Analysis
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