Ripple / U.S. Dollar (XRPUSD) Elliott Wave Analysis – TradingLounge Daily Chart
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Direction Next Higher Degrees:
Wave Cancel Invalid Level:
Ripple (XRP) Daily Elliott Wave Forecast and Strategy
After completing a prolonged corrective wave (2) that began in April, Ripple (XRP) has confirmed a bullish reversal. The price action has moved decisively above the key $2.30 level, indicating the potential initiation of wave (3) within the Elliott Wave cycle.
This upward breakout not only confirms the end of the Zigzag pattern for wave (2), but it also creates a favorable scenario for buyers targeting the next impulsive move.
Trading Strategies
✅ Swing Traders: Enter the market when price action confirms a move above $2.30 and stabilizes.
🟥 Stop-loss Level: Set below the $2.05 mark for downside protection.
Ripple / U.S. Dollar (XRPUSD) Elliott Wave Analysis – TradingLounge H4 Chart
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Direction Next Higher Degrees:
Wave Cancel Invalid Level:
XRPUSD 4-Hour Elliott Wave Update and Strategy
Ripple (XRP) resumed upward momentum following a temporary pause in wave (2) that extended since April. A breakout above the $2.30 bullish level signals that wave (3) is likely underway.
The Elliott Wave structure suggests that wave (2) has completed as a Zigzag correction, giving bullish traders a confirmed technical entry point.
Trading Strategies
✅ Swing Traders: Look for entry after a breakout followed by a short consolidation.
🟥 Stop-loss Level: Recommended below $2.05 to manage downside risk.
Technical Analyst: Malik Awais
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