The recent FOMC meeting gave both traditional equities and crypto markets a nice bullish boost, thanks to the Fed signaling potential rate cuts ahead, even amid ongoing economic uncertainty and stubborn inflation.
Out of the 50+ Coinbase tokens I'm tracking, three coins (TRAC, AXL, XRP) popped up on my radar. On the daily chart, I decided to go long on XRP, it was the only one of the three to convincingly break above the 26-day EMA. Plus, XRP showed a solid anchor wave followed by a healthy wave 2 pullback, setting up a clean entry. I'm sticking to the higher timeframe here; given how choppy and unpredictable the market's been lately, longer-term charts offer clearer signals and more reliable setups. If, rather, when OriginTrail (TRAC) breaks the 26 day EMA, I will buy as well. OriginTrail, is a decentralized knowledge hub, and has been chosen by Microsoft to showcase its AI capabilities at the ChangeNOW Summit 2025 in Paris, taking place from 24-26 April 2025.
