Ripple (XRPUSD) Crypto Price News Today Elliott Wave Technical Analysis By TrdingLounge
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
-
Risk…
