There is no big changes in crypto market after FED meeting. The FED hiked rates by 25 basis points as expected, so there were no any surprises. Crypto market remains slow and in sideways consolidation, which we still see it as a correction that can be approaching the end. Despite current intraday rally following stock market recovery, still be aware of limited gains and watch out for a continuation lower soon, either from 1.8T or 1.9T area.
XRPUSD can be forming a nice intraday bearish setup formation after we noticed a completed A-B-C correction in wave (B), so beware of that impulsive five-wave decline within wave (C), especially if we see broken channel support line and 0.7250 bearish confirmation level.
Ripple 4h Elliott Wave Analysis
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