Elliott Wave Technical Analysis: Ripple XRP Crypto Price News For Friday, July 19

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Elliott Wave Analysis TradingLounge Daily Chart
Ripple / U.S. dollar(XRPUSD)
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's return to the uptrend, but is still in the early stages of the rally. Therefore, it will be followed by a short-term correction. It is an opportunity for us to rejoin the trend. So wait for the correction to complete to join the trend again.

Ripple / U.S. dollar(XRPUSD)Technical Indicators:
The price is above the MA200 indicating an Uptrend. The Wave Oscillator is a Bullish Momentum.

Elliott Wave Analysis TradingLounge H4 Chart
Ripple / U.S. dollar(XRPUSD)
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)Technical Indicators:
The price is above the MA200 indicating an Uptrend. The Wave Oscillator is a Bullish Momentum.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com