Today, The "FOMC Meeting" is being held, there will be a lot of speculation and trading will be very volatile, doing long trades with large leverage is a mistake. but for you (spot traders) I have news for the XRPUSDT buying area in the "$0.4 - $0.45" region, you can buy in the DIP area if the FED raises the central bank interest rate. today is the determination....
My last short term Ripple idea was a bit off key but the larger analysis remains in tact for the most part. The current Leading Diagonal formation is promised to have an extremely deep retracement. To find out the exact target of the super sized zig-zag, we can simply apply the Fibonacci tool to the A wave down (big drop on the red wave)
--- oops, the fib tool...
My previous post is referenced below in order to keep track of the progression of Ripple (XRPUSD).
Ripple's (XRPUSD) price action has remained in a sideways trend after it closed at ~$0.92 on April 20, 2018. The sideways price action is identified in this analysis to be a combination (W-X-Y) Elliott wave structure with Minute wave ((x)) currently ongoing.
The...
