XRPUSD Elliott Wave Analysis TradingLounge Daily Chart

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

XRPUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((1))

Direction Next Higher Degrees: Wave I of Impulse

Wave Cancel Invalid Level:

Details: The five-wave increase of wave ((1)).

Ripple / U.S. Dollar (XRPUSD) Trading Strategy: XRP has returned to the uptrend but is still in the early stages of the rally. A short-term correction is expected. This presents an opportunity to rejoin the trend. Wait for the correction to complete before rejoining the trend.

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

• The price is above the MA200, indicating an uptrend.
• The Wave Oscillator shows bullish momentum.

XRPUSD Elliott Wave Analysis TradingLounge H4 Chart

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

XRPUSD Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((1))

Direction Next Higher Degrees: Wave I of Impulse

Wave Cancel Invalid Level:

Details: The five-wave increase of wave ((1)).

Ripple / U.S. Dollar (XRPUSD) Trading Strategy: XRP has returned to the uptrend but is still in the early stages of the rally. A short-term correction is expected. This presents an opportunity to rejoin the trend. Wait for the correction to complete before rejoining the trend.

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

• The price is above the MA200, indicating an uptrend.
• The Wave Oscillator shows bullish momentum.

Technical Analyst:  Kittiampon Somboonsod

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

See Previous: NEO / U.S. Dollar (NEOUSD) Elliott Wave Technical Analysis

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