XRPUSD Elliott Wave Analysis - TradingLounge Daily Chart
XRP/USD Daily Chart Analysis
XRPUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Flat
Position: Wave ((C))
Next Higher Degree Direction: Wave II of Impulse
Wave Cancellation Level:
Analysis Details: Wave II is anticipated to complete, which could prompt a rise in Wave III for XRPUSD.
XRP/USD Trading Strategy
With Wave II correction likely concluding, the focus shifts to the potential five-wave progression in Wave III. The uptrend in price action suggests that traders should watch for re-entry points into the trend.
XRP/USD Technical Indicators
XRP/USD 4-Hour Chart Analysis
XRPUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Flat
Position: Wave ((C))
Next Higher Degree Direction: Wave II of Impulse
Wave Cancellation Level:
Analysis Details: Wave II correction appears near completion, which could lead to an uptrend in Wave III for XRPUSD.
XRP/USD Trading Strategy
Following the Wave II correction, attention moves to the anticipated five-wave advance in Wave III. With price trends upward, traders may look for strategic re-entry opportunities.
XRP/USD Technical Indicators
Technical Analyst: Kittiampon Somboonsod
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