XRPUSD Elliott Wave Analysis – TradingLounge Daily Chart
Ripple / U.S. Dollar (XRPUSD) Daily Chart Analysis
XRPUSD Elliott Wave Technical Analysis
Function: Trend Continuation
Mode: Motive
Structure: Impulse
Current Wave Position: Wave 2
Next Direction (Higher Degrees): Anticipated Bullish Impulse
Invalidation Level for Wave Count: Below Key Fibonacci Zone
Ripple (XRP) Daily Trading Strategy:
Ripple (XRP/USD) is advancing through a bullish Elliott Wave structure. After completing Wave ① near major support, the pair is now correcting within Wave ②. This correction is expected to finalize within the Fibonacci retracement levels, potentially launching a strong Wave ③ impulse to the upside.
Trading Strategies
Strategy Type:
✅ Short-Term Swing Trading
Monitor price behavior within the 1.82 – 2.00 price range for potential long entries.
Risk Management:
🟥 Suggested Stop Loss: Set below 1.61911 to protect against a downward breakout.
XRPUSD Elliott Wave Analysis – TradingLounge H4 Chart
Ripple / U.S. Dollar (XRPUSD) 4-Hour Chart Analysis
XRPUSD Elliott Wave Technical Analysis
Function: Trend Continuation
Mode: Motive
Structure: Impulse
Current Wave Position: Wave 2
Next Direction (Higher Degrees): Likely Uptrend Continuation
Invalidation Level for Wave Count: Below Key Support Threshold
Ripple (XRP) 4-Hour Trading Strategy:
XRP/USD shows a clear initiation of a bullish wave sequence. Wave ① concluded following a support-based rally. The current Wave ② retracement is progressing inside the Fibonacci retracement zone and is poised to give way to a high-momentum Wave ③, indicating a potential breakout.
Trading Strategies
Strategy Type:
✅ Short-Term Swing Traders
Watch for price support and possible reversal within the 1.82 – 2.00 range.
Risk Management:
🟥 Stop Loss Guidance: Place below 1.61911 to manage exposure and downside risk.
Technical Analyst: Malik Awais
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