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…