Based on the provided chart for XRP/USDT on the 4-hour time frame,
• Key Levels:
• Support: Around $0.88–$0.90 (recent consolidation level).
• Resistance: Currently at $1.07, with potential to test $1.10–$1.12 (recent highs).
Bullish Targets:
1. Immediate Resistance: $1.10–$1.12.
2. Next Resistance: $1.20 (psychological level and likely liquidity zone).
3. Extended Bullish Target: $1.35 (if momentum sustains and breaks above key levels).
Bearish Targets:
1. Immediate Support: $0.88–$0.90.
2. Next Support Zone: $0.80–$0.82.
3. Key Bearish Level: $0.67–$0.70 (previous consolidation area).
Indicators to Watch:
• Volume: High volumes confirm bullish momentum. Decreasing volume could indicate a slowdown.
• RSI: Likely overbought in this scenario, suggesting potential pullbacks.
• MACD: Check for signs of bearish divergence or crossovers for trend shifts.
Strategy
• For bulls, watch for a breakout above $1.10 with sustained volume.
• For bears, watch for a breakdown below $0.88 as a sign of reversal.
