$XRP /USDT trading pair on a 4-hour timeframe, illustrating recent price action with a bullish momentum.
Key observations:
1. Current Price: The price is trading at $2.4225, showing a 1.11% increase in the last 4 hours.
2. 24-Hour Range: The price fluctuated between a low of $2.3434 and a high of $2.4743, indicating notable volatility.
3. MACD Indicator: The MACD line is above the signal line, supported by strong green histogram bars, reflecting sustained bullish momentum.
4. Key Levels:
Support Level: The previous low at $1.9954 serves as a strong support level.
Resistance Level: The price faces resistance near the recent high of $2.4743.
The chart reflects a potential bullish continuation if the price holds above $2.32 (a previous pivot level). Traders may look for a breakout above $2.4743 to target the $2.50–$2.60 zone. However, failure to maintain the current momentum could lead to a pullback toward the $2.32 level.
