Ripple Elliott Wave technical analysis [Video]
![Ripple Elliott Wave technical analysis [Video]](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/Coins/Ripple/ripple_XtraLarge.jpg)
Elliott Wave Analysis TradingLounge Daily Chart.
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.
Ripple / U.S. dollar (XRPUSD) Trading Strategy: It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.
Ripple / U.S. dollar (XRPUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.
Elliott Wave Analysis TradingLounge four-hour chart.
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.
Ripple/US dollar(XRPUSD) Trading Strategy: It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.
Ripple/ US dollar(XRPUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.
Ripple Elliott Wave technical analysis [Video]
Author

Peter Mathers
TradingLounge
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.






