XRPUSD Elliott Wave Analysis | TradingLounge Daily Chart
XRP/U.S. Dollar (XRPUSD) Daily Chart Analysis
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 2
Direction Next Higher Degrees:
Wave Cancel Invalid Level:
XRP/U.S. Dollar (XRPUSD) Daily Trading Strategy
XRP price action has rebounded from the Wave (II) low at $1.7260, completing a full Wave ① impulse. XRPUSD is now correcting within Wave ②, aiming toward the key Fibonacci retracement zone between 0.5–0.618. A successful completion here could ignite Wave ③ — typically the most powerful rally phase in Elliott Wave sequences.
XRPUSD Trading Strategies
Strategy
Short-Term Traders (Swing Trade)
✅ Watch for XRP to enter the $1.86–$1.94 price zone and reverse — this could signal the start of Wave ③ and a potential long setup.
Risk Management
🟥 A price drop below $1.55 would invalidate the current Wave (II) low, implying an extended correction is underway and requiring a new wave count reassessment.
XRPUSD XRPUSD Elliott Wave Analysis | TradingLounge H4 Chart
XRP/U.S. Dollar (XRPUSD) 4-Hour Chart Analysis
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 2
Direction Next Higher Degrees:
Wave Cancel Invalid Level:
XRP/U.S. Dollar (XRPUSD) H4 Trading Strategy
XRP has completed a bullish Wave ① structure after lifting from the Wave (II) low at $1.7260. The current correction, Wave ②, is unfolding and may finish near the Fibonacci 0.5–0.618 retracement levels. A strong Wave ③ rally is expected once this pullback is completed.
Trading Strategies
Strategy
Short-Term Traders (Swing Trade)
✅ A move into the $1.86–$1.94 region, followed by a bullish reversal, could provide a prime opportunity to catch Wave ③ early.
Risk Management
🟥 A price decline below $1.55 would suggest that Wave (II) correction is ongoing, signalling the need for caution and a revised analysis.
Technical Analyst: Kittiampon Somboonsod, CEWA
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