XRP/USD [4H]
Beautiful price action for XRP! This is much better than a sudden spike up, which is unstable and often nothing more than a liquidity grab, this sort of gradual bullish price action is much more stable.
We tested the 200EMA as we predicted, and following the FOMC rate cuts we went quite bullish during the Asia session, and are continuing the bullish adventure.
We broke through our designated bullish scenario level, pulled-back and the ultimate confirmation would be if we break that high!
WAGMI! 🙏🏽
XRP/USD [4H]
Currently preparing to range until the FOMC meeting, it’s still unlikely that we will see some big volatility before FOMC. Officially speaking from a structural perspective, yes we have broken structure in such a way that we can confirm that the bulls are back in town, so statistically speaking when a structure gets broken in favour of bulls it usually isn’t a fake-out but it can be of course depending on the outcome of the FOMC meeting. Best is if you wait until we break the monthly high.
We will prepare for tomorrow!
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