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<ul class="wp-block-list news-points"> 
 <li>Tylie Eric’s analysis links the U.S. Dollar Index decline to potential XRP price growth.</li> 
 <li>The study uses Elliott Wave Theory to predict the DXY entering a major corrective phase.</li> 
 <li>A weakening DXY historically coincides with significant XRP price increases, potentially indicating future gains.</li> 
</ul> 
Financial analyst Tylie Eric has <a href="https://x.com/TylieEric/status/1826465186699436451" target="_blank" rel="nofollow">shared</a> a detailed analysis on X (formerly Twitter), examining the relationship between the U.S. Dollar Index (DXY) downturn and <a href="https://coinedition.com/xrp-whales-on-the-move-33m-coins-transferred-to-binance-as-price-drops/">XRP</a> price movements. Utilizing Elliott Wave Theory, Eric provides insights into potential future trends for both the DXY and XRP, drawing on historical patterns. 
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 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#XRP</a> v <a href="https://twitter.com/hashtag/DXY?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#DXY</a>. THIS IS NOT A PRICE PREDICTION! That being said, a falling DXY on wave 3 of both wave 3 and 4 has been great for XRP Price appreciation. I couldn’t fit all the information but I added it in the first pic. <a href="https://t.co/pETH5XsitQ" target="_blank" rel="nofollow">pic.twitter.com/pETH5XsitQ</a>— Tylie E (@TylieEric) <a href="https://twitter.com/TylieEric/status/1826465186699436451?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 22, 2024</a>
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According to Eric, the DXY has completed a significant 5-wave structure, signaling a possible correction for the U.S. dollar. The analysis indicates that the DXY could now be in Wave (5) of a larger corrective pattern, which might lead to further weakening of the dollar as i…
The post <a href="https://coinedition.com/falling-dollar-could-boost-xrp-analyst-take/">Falling Dollar Could Boost XRP, Analyst’ Take</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Falling Dollar Could Boost XRP, Analyst’ Take

Coin Edition

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