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XRP Crypto Price News Today Elliott Wave Technical Analysis


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Elliott Wave Analysis TradingLounge Daily Chart,

XRP/ 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))

XRP/ U.S. dollar(XRPUSD)Trading Strategy:

It looks like a second wave of Zigzag consolidation before the price increases again in the third wave. The overall picture is a correction before another increase. Look for an opportunity to join the uptrend from a short-term correction within the second wave.

XRP/ U.S. dollar(XRPUSD)Technical Indicators: The price is blow the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.

Crypto24.thumb.png.d5c869d3660b5df18942804bf5264ec3.png

 

Elliott Wave Analysis TradingLounge H4 Chart,

XRP/ 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 rally in Wave 1 is likely to end, watch out for a correction in Wave 2.

XRP/ U.S. dollar(XRPUSD)Trading Strategy:

It looks like a second wave of Zigzag consolidation before the price increases again in the third wave. The overall picture is a correction before another increase. Look for an opportunity to join the uptrend from a short-term correction within the second wave.

XRP/ U.S. dollar(XRPUSD)Technical Indicators: The price is blow the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.

Crypto24(1).thumb.png.d3bf9fe79180b8e88900c070028b6596.png

 

Technical Analyst Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

  • Like 1
  • 2 weeks later...
Posted

$XRP is one coin I'm not gonna give up on as I always leverage on this kind of news/opportunities to leverage on, when trading futures on The Trade Smarter Exchange

Posted

I accumulate XRP at all price levels. Although the litigation process takes a long time, it is not affected much by declines. One day it will definitely rise to the value it deserves. Investor confidence is more important than technical analysis. I believe in the community and the project.

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