Elliott Wave Technical Analysis: XRP Crypto Price News Today

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Elliott Wave Analysis TradingLounge Daily Chart,

XRP/ U.S. Dollar(XRPUSD)

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: the Moved in Triangle Before Increase again

XRP/ U.S. Dollar(XRPUSD)Trading Strategy: Triangle correction, where we are in the final phase of the correction in Wave E. Once Wave E is complete, the price will return to the uptrend again.

XRP/ U.S. Dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.

Elliott Wave Analysis TradingLounge 2H Chart,
XRP/ U.S. Dollar(XRPUSD)
XRPUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 4
Direction Next higher Degrees: wave C of Zigzag
Wave Cancel invalid level:
Details: A short-term pullback in wave 4 before falling again in wave 5.

XRP/ U.S. Dollar(XRPUSD)Trading Strategy: Decreasing in an impulse pattern where we are in a short pullback in wave 4 before falling again in wave 5 to complete wave C and after which the price re-enters the uptrend.

XRP/ U.S. Dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.

Technical Analyst : Kittiampon Somboonsod