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Elliott Wave Analysis – TradingLounge Daily Chart, Ripple / U.S. Dollar (XRPUSD)

XRPUSD Elliott Wave Technical Analysis

• Function: Trend Continuation
• Mode: Motive
• Structure: Impulse
• Current Wave Position: Wave 2
• Next Direction (Higher Degrees):
• Invalidation Level for Wave Count:

Ripple / U.S. Dollar (XRPUSD) Trading Strategy:
XRP/USD is progressing in a new bullish wave, having formed Wave ① from a major support. It is now correcting within Wave ②, likely to complete inside the Fibonacci retracement region, setting the stage for Wave ③ to emerge strongly as a high-momentum impulse move.

Trading Strategies

• Strategy Type:
• • ✅ Short-term Swing Traders
  • • Watch for price action to bounce back between the 1.82 – 2.00 range.
    • Risk Management:
    • • 🟥 Place Stop Loss below 1.61911 to manage potential downside risk.

Elliott Wave Analysis – TradingLounge H4 Chart, Ripple / U.S. Dollar (XRPUSD)

XRPUSD Elliott Wave Technical Analysis

• Function: Trend Continuation
• Mode: Motive
• Structure: Impulse
• Current Wave Position: Wave 2
• Next Direction (Higher Degrees):
• Invalidation Level for Wave Count:

Ripple / U.S. Dollar (XRPUSD) Trading Strategy:
A new upward trend has started for XRP/USD from a strong support base. Wave ① has completed, and Wave ② is underway, likely ending within the Fibonacci retracement zone. Wave ③ is projected to be a strong impulsive move with significant upward momentum.

Trading Strategies

• Strategy Type:
• • ✅ Short-term Swing Traders
  • • Wait for a reversal around the 1.82 – 2.00 zone.
    • Risk Management:
    • • 🟥 Stop Loss should be placed below 1.61911 to mitigate risk.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source: TradingLounge.com

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