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Elliott Wave Analysis – TradingLounge Daily Chart
XRP/USD (Ripple to U.S. Dollar)

XRPUSD Elliott Wave Technical Analysis

• Function: Trend Following

• Mode: Motive

• Structure: Impulse

• Current Wave: Wave 3

• Next Higher Degree Direction: Bullish Continuation

• Invalidation Level: Below Critical Support

XRP/USD Trading Strategy – Daily Chart:
XRP is positioned for a pivotal move into wave ③. Should the market successfully retrace to wave (2), the outlook remains strongly bullish with a potential rise targeting $3.88. It's important for traders to closely watch the Fibonacci retracement zone for potential entry points.

Trading Strategies:

• Strategy Type

  • ✅ Swing Trade (Short-Term)

    • Look for buying opportunities upon identifying reversal signals in the $2.27–$2.34 range.

• Risk Management

  • 🟥 Set a stop-loss below $2.00 to guard against invalidation of the wave structure.

Elliott Wave Analysis – TradingLounge H4 Chart
XRP/USD (Ripple to U.S. Dollar)

XRPUSD Elliott Wave Technical Analysis

• Function: Trend Following

• Mode: Motive

• Structure: Impulse

• Current Wave: Wave 3

• Next Higher Degree Direction: Bullish Continuation

• Invalidation Level: Below Critical Support

XRP/USD Trading Strategy – H4 Chart:
XRP is gearing up to break into wave ③. If a retracement confirms wave (2), there's a solid probability of an upward move to $3.88. Traders are advised to monitor the price activity closely within the Fibonacci support zone.

Trading Strategies:

• Strategy Type

  • ✅ Swing Trade (Short-Term)

    • Monitor for buying signals in the $2.27–$2.34 range.

• Risk Management

  • 🟥 A stop-loss should be placed below $2.00 to protect against potential structural breakdown.

Analyst: Kittiampon Somboonsod, CEWA – TradingLounge

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