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Ripple/U.S. Dollar(XRPUSD)

XRPUSD Elliott Wave Technical Analysis 

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction Next higher Degrees: Wave ((4)) of Motive

Wave Cancel invalid level: 0.43307

Details: Wave ((4)) has sufficient retracement. And a five-wave increase will confirm the end of the wave ((4)).

Ripple/U.S. Dollar (XRPUSD) Trading Strategy: We expect wave 4 will likely be over. And the price is rising in wave 5, but even then, Momentum from RSI and MACD has no support. Trading must be done carefully during this time.

Ripple/U.S. Dollar (XRPUSD) Technical Indicators: The price is above the MA200 indicating a downtrend. MACD and RSI are Bearish Momentum.

Analyst: Kittiampon Somboonsod, CEWA

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction Next higher Degrees: Wave ((4)) of Motive

Wave Cancel invalid level: 0.43307

Details: Wave ((4)) has sufficient retracement. And a five-wave increase will confirm the end of the wave ((4)).

Ripple/U.S. Dollar (XRPUSD) Trading Strategy: We expect wave 4 will likely be over. And the price is rising in wave 5, but even then, Momentum from RSI and MACD has no support. Trading must be done carefully during this time.

Ripple/U.S. Dollar (XRPUSD) Technical Indicators: The price is above the MA200 indicating a downtrend. MACD and RSI are Bearish Momentum.

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