XRPUSD Elliott Wave Analysis - TradingLounge Daily Chart

Ripple/ U.S. Dollar (XRPUSD) Daily Chart Analysis

XRPUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Triangle

Position: Wave E

Direction Next Higher Degrees: Wave 4 of Impulse

Wave Cancel Invalid Level: 0.486

Details: Movement within the triangle pattern before the price declines again in Wave 5.

Ripple/ U.S. Dollar (XRPUSD) Trading Strategy:

Decreasing wave ((E)), the last wave in the Triangle pattern before prices re-enter the uptrend. Wait for the correction to complete to join the trend again.

Ripple/ U.S. Dollar (XRPUSD) Technical Indicators:

• The price is below the MA200, indicating a downtrend.
• The Wave Oscillator shows Bearish Momentum.

XRPUSD Elliott Wave Analysis - TradingLounge 4H Chart

Ripple/ U.S. Dollar (XRPUSD) 4-Hour Chart Analysis

XRPUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Triangle

Position: Wave E

Direction Next Higher Degrees: Wave 4 of Impulse

Wave Cancel Invalid Level: 0.486

Details: Movement within the triangle pattern before the price declines again in Wave 5.

Ripple/ U.S. Dollar (XRPUSD) Trading Strategy:

• Decreasing wave ((E)), the last wave in the Triangle pattern before prices re-enter the uptrend. Wait for the correction to complete to join the trend again.

Ripple/ U.S. Dollar (XRPUSD) Technical Indicators:

• The price is below the MA200, indicating a downtrend.
• The Wave Oscillator shows Bearish Momentum.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: VeChain/ U.S. dollar (VETUSD) Elliott Wave Technical Analysis

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