XRP continues to respect the broader Elliott Wave structure, with price now pulling back within a higher-timeframe 5th wave ending diagonal.
The larger bullish sequence remains intact, and the current decline is being viewed as wave 4 of that diagonal. This retracement is moving into the marked buy zone, where wave 4 is expected to complete before the final wave 5 advance begins.
Ending diagonals still unfold in 5 waves, and that is the key focus here. Rather than viewing this current drop as the end of the move, the structure suggests it is the final pullback before one more push higher into completion of the larger pattern.
The monthly chart is mapping out the broader path. From here, the focus is on letting wave 4 complete in the buy zone, then using lower-timeframe confirmation for entry into wave 5 higher. I will likely post a lower-timeframe update to refine the exact setup once price moves further into position.
Trade Idea:
Entry: Lower-timeframe trendline break once wave 4 completes in the buy zone
Stops: Below the completed wave 4 low / below the confirmation structure
Targets:
TP1: $3.50
TP2: $5.00
Optional runner: Keep a portion open in case price pushes further into the upper diagonal boundary
Goodluck and as always, trade safe!
The larger bullish sequence remains intact, and the current decline is being viewed as wave 4 of that diagonal. This retracement is moving into the marked buy zone, where wave 4 is expected to complete before the final wave 5 advance begins.
Ending diagonals still unfold in 5 waves, and that is the key focus here. Rather than viewing this current drop as the end of the move, the structure suggests it is the final pullback before one more push higher into completion of the larger pattern.
The monthly chart is mapping out the broader path. From here, the focus is on letting wave 4 complete in the buy zone, then using lower-timeframe confirmation for entry into wave 5 higher. I will likely post a lower-timeframe update to refine the exact setup once price moves further into position.
Trade Idea:
Entry: Lower-timeframe trendline break once wave 4 completes in the buy zone
Stops: Below the completed wave 4 low / below the confirmation structure
Targets:
TP1: $3.50
TP2: $5.00
Optional runner: Keep a portion open in case price pushes further into the upper diagonal boundary
Goodluck and as always, trade safe!
노트
XRP Weekly Chart
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Want more breakdowns like this? Links below:
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.