XRPUSD Elliott Wave Analysis – TradingLounge Day Chart
XRP/USD (XRPUSD) Day Chart Analysis
XRPUSD Elliott Wave Technical Analysis
- Function: Counter Trend
- Mode: Corrective
- Structure: Flat
- Position: Wave ((B))
- Direction Next Higher Degrees: Wave IV
- Wave Cancellation Invalid Level: Not specified
XRP/USD (XRPUSD) Trading Strategy
XRP is currently in a Wave II correction following the completion of Wave I. The ABC Flat correction suggests a potential decline to the Key Support Level at 1.62364 USD. A price reversal from this level could signal the start of Wave III, marking a potential bullish trend.
XRPUSD Trading Strategies
Buy Strategy (Long Position):
- Look for a reversal signal when the price reaches the 1.62364 - 1.53700 USD range.
Risk Management:
XRPUSD Elliott Wave Analysis – TradingLounge 4H Chart
XRP/USD (XRPUSD) 4-Hour Chart Analysis
XRPUSD Elliott Wave Technical Analysis
- Function: Counter Trend
- Mode: Corrective
- Structure: Flat
- Position: Wave ((B))
- Direction Next Higher Degrees: Wave IV
- Wave Cancellation Invalid Level: Not specified
XRP/USD (XRPUSD) Trading Strategy
XRP remains in a Wave II correction following the end of Wave I. The ongoing ABC Flat correction is projected to drop towards the Key Support Level of 1.62364 USD. A price reversal from this level could indicate the beginning of Wave III, leading to a potential bullish movement.
XRPUSD Trading Strategies
Buy Strategy (Long Position):
- Wait for a reversal signal when the price approaches 1.62364 - 1.53700 USD.
Risk Management:
Technical Analyst: Kittiampon Somboonsod
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