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!
註釋
XRP Weekly Chart
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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
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。