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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 III

Direction Next higher Degrees: wave III of Impulse

Wave Cancel invalid level:

Details: Five-wave rise of wave III

Ripple/ U.S. dollar(XRPUSD)Trading Strategy:
Overview remains in an uptrend with an impulsive rally. We are currently in the fifth wave, which is incomplete, so the price is likely to continue rising. Watch for a rebound within the uptrend.

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 4hr Chart

Ripple/ U.S. dollar(XRPUSD)

XRPUSD Elliott Wave Technical Analysis 

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: wave III of Impulse

Wave Cancel invalid level:

Details: Five-wave rise of wave III.

Ripple/ U.S. dollar(XRPUSD)Trading Strategy:
Overview remains in an uptrend with an impulsive rally. We are currently in the fifth wave, which is incomplete, so the price is likely to continue rising. Watch for a rebound within the uptrend.

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

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