XRPUSD Elliott Wave Analysis – TradingLounge Daily Chart
XRP/USD (Ripple to U.S. Dollar) Daily Chart Analysis
XRPUSD Elliott Wave Technical Analysis
Function: Trend Following
Mode: Motive
Structure: Impulse
Current Wave: Wave 3
Next Higher Degree Direction: Bullish Continuation
Invalidation Level: Below Critical Support
XRP/USD Daily Chart Forecast: Bullish Wave ③ Breakout Potential
XRP is entering a critical phase in its Elliott Wave cycle, targeting wave ③ formation. A retracement to wave (2) would confirm continued bullish momentum, reinforcing a potential surge toward the $3.88 price target. Traders analyzing XRP/USD should focus on the Fibonacci retracement levels, where trend continuation opportunities may emerge.
XRPUSD Trading Strategy – Daily Chart
Strategy Type:
✅ Swing Trade (Short-Term)
- Identify bullish reversal signals in the $2.27–$2.34 zone.
- Use Fibonacci support zones for optimized trade entries.
Risk Management:
🟥 Protective Stop-Loss: Place stop-loss orders below $2.00 to avoid invalidation of the current Elliott Wave setup.
XRP/USD Elliott Wave Analysis – TradingLounge H4 Chart
XRP/USD (Ripple to U.S. Dollar) 4-Hour Chart Analysis
XRPUSD Elliott Wave Technical Analysis
Function: Trend Following
Mode: Motive
Structure: Impulse
Current Wave: Wave 3
Next Higher Degree Direction: Bullish Continuation
Invalidation Level: Below Critical Support
XRP/USD H4 Chart Analysis: Short-Term Rally Anticipation
The H4 chart reinforces the bullish outlook as XRP prepares for the next impulsive leg in wave ③. Confirmation of wave (2) will likely set the stage for a potential move toward the $3.88 mark. This XRP technical analysis highlights the importance of monitoring Fibonacci zones to capitalise on emerging trends.
Trading Strategy – H4 Chart
Strategy Type:
✅ Swing Trade (Short-Term)
Watch for price action setups in the $2.27–$2.34 range to trigger buy entries.
Risk Management:
🟥 Stop-Loss Strategy
Set stop-losses below $2.00 to mitigate downside risk if wave structure fails.
Technical Analyst: Kittiampon Somboonsod, CEWA
Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here
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