XRP/USD Elliott Wave technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave III.
Direction next higher degrees: Wave I of Impulse.
Details: the five-wave Increase of wave III.
XRP/ U.S. dollar (XRPUSD) Trading Strategy: Overall, the correction seems to be coming to an end. Look for an opportunity to join the uptrend from a short-term correction within.
XRP/ U.S. dollar (XRPUSD) Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
XRP/USD one-day chart
XRP/USD four-chart chart
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave III.
Direction Next higher Degrees: Wave I of Impulse.
Details: The five-wave Increase of wave III.
XRP/ U.S. dollar(XRPUSD)Trading Strategy: ChainLink overall is still in the period of correction. In the position of wave (II) with a double corrective pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.
XRP/ U.S. dollar(XRPUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
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XRP Elliott Wave technical analysis [Video]
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