Ripple XRPUSD Crypto Price News Today Elliott Wave Technical Analysis By Tradinglounge
Jul 21, 2025•Channel
AI Analysis
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Elliott Wave Analysis – XRPUSD Outlook
TradingLounge
XRPUSD Daily Chart – Elliott Wave Count
Function: Trend
Mode: Motive
Structure: Impulse
Position: Wave 3 of 3
Direction: Ongoing Uptrend
Analysis Details:
The internal wave count is structured clearly: Wave 1 → Double Zigzag Wave 2 → Developing Wave 3
Wave 2 retraced to a low of $1.9095, establishing the correction base
Wave 3 is progressing with strong momentum, breaking above Wave 1's high ($2.6623)
Next Fibonacci resistance levels:
🔹 0.236 = $3.2392
🔹 0.382 = $2.9994
(These levels may act as a short-term pullback area within Wave 3)
Trading Strategy:
✅ For short-term traders (Swing Trade):
If holding, consider partial profit-taking near $4.20
Use a “Buy the Dip” approach by waiting for a Wave 4 retracement before entering Wave 5
🟥 Invalidation Point:
If the price drops below $2.23, the current Elliott Wave count will need reevaluation
XRPUSD 4-Hour Chart – Elliott Wave Count
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave 4 of 3
Direction: Corrective within an Uptrend
Analysis Details:
Wave (1) to (5) within Wave 3 is now completed
Price is consolidating to form Wave 4
Key consolidation zones:
🔹 0.236 Fib retracement = $3.2392
🔹 0.382 Fib retracement = $2.9994
(These levels suggest a possible entry for Wave 5 if price holds in this range)
Trading Strategy:
✅ For short-term traders (Swing Trade):
Holding positions? Consider profit-taking around $4.20
Use the “Buy the Dip” strategy – wait for Wave 4 pullback before entering Wave 5
🟥 Invalidation Point:
If price falls below $2.23, wave structure must be reassessed
Analyst: Kittiampon Somboonsod, CEWA
Source: TradingLounge.com
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