11Jun

Ripple (XRPUSD) Elliott Wave Wave 3 Breakout Above $2.30 Guides Swing Trade Entry & Stop‑Loss Strategy Summary

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

  • Strategy

Swing Traders: Enter the market when price action confirms a move above $2.30 and stabilizes.

  • Risk Management

🟥 Stop-loss Level: Set below the $2.05 mark for downside protection.

XRPUSD-d-crypto-char...


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

  • Strategy

Swing Traders: Look for entry after a breakout followed by a short consolidation.

  • Risk Management

🟥 Stop-loss Level: Recommended below $2.05 to manage downside risk.

Technical Analyst: Malik Awais

Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here

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