Trend: Correction within wave 4.
As of now, XRPUSD seems to have completed the wave (C) of wave 4 in the blue circle.
Now XRPUSD is making sub-wave 1 of wave 5 in the blue circle. Let the big trader complete wave 1 first.
If wave 4 in the blue circle is going to make a triangle, we can expect that she will reject the downtrend line at point (D). Let's see the next move.
This prediction is only my opinion. Only showing the EW counting and looking for trends. No trade recommendation.
As of now, XRPUSD seems to have completed the wave (C) of wave 4 in the blue circle.
Now XRPUSD is making sub-wave 1 of wave 5 in the blue circle. Let the big trader complete wave 1 first.
If wave 4 in the blue circle is going to make a triangle, we can expect that she will reject the downtrend line at point (D). Let's see the next move.
This prediction is only my opinion. Only showing the EW counting and looking for trends. No trade recommendation.
Note
25Aug2025 Chart Update. Where is the possible setup zone, where is the short-term profit target, and where do I cut losses if I am wrong?The setup zone is located at the Fibonacci percentage level of wave 2. The CL level is when the price closes below wave (c) of wave 4. That is the simple trading strategy. Traders should be confident in their TA and not follow others.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.