XRPUSD Elliott Wave Analysis
Summary
- XRPUSD trades into a bullish triangle.
- Waves D & E are still missing.
- Breakdown below 0.9150 invalidation levels confirms alternate scenario.
Ripple XRPUSD trading lower by -1.67% in the last 24 hours and - 15.02% in this week at 7:10 AM GMT writing time.
As per Elliott Wave analysis XRPUSD remains slow and trades into a bullish triangle formation. Triangle is a corrective Elliott wave pattern constructed with A, B, C, D & E waves.
XRPUSD unfolding c wave of bullish triangle and waves D and E are still missing. Which indicates that XRP may face even more sideways price action if it manages to stay above 0.9150 invalidation level. Any sharp break down below 0.9150 price level suggest for alternative scenario.
XRPUSD 4h Elliott Wave Analysis
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