XRP/USD Elliott Wave technical analysis

Function: Follow trend.

Mode: Motive.

Structure: Impulse.

Position: Wave ((1)).

Direction next higher degrees: Wave I of impulse.

Details: The five-wave increase of wave ((1)).

XRP/USD trading strategy

XRP's return to the uptrend, but still in the early stages of the rally Therefore, it will be followed by a short-term correction. It is an opportunity for us to rejoin the trend. So wait for the correction to complete to join the trend again.

XRP/USD technical indicators

The price is above the MA200 indicating an uptrend, the wave oscillator is a bullish momentum.

XRP/USD Elliott Wave technical analysis

Function: Follow trend.

Mode: Motive.

Structure: Impulse.

Position: Wave ((1)).

Direction next higher degrees: Wave I of impulse.

Details: The five-wave increase of wave ((1)).

XRP/USD trading strategy

XRP's return to the uptrend, but still in the early stages of the rally Therefore, it will be followed by a short-term correction. It is an opportunity for us to rejoin the trend. So wait for the correction to complete to join the trend again.

XRP/USD technical indicators

The price is above the MA200 indicating an uptrend, the wave oscillator is a bullish momentum.

XRP/USD Elliott Wave technical analysis [Video]


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