💡 **XRP/USDT Analysis on 4-hour time frame**:
🔹 **Indicators**:
- **EMA**: The price is above EMA(7), EMA(25), and EMA(99), indicating a strong uptrend.
- **RSI**: At 86.94, which means the asset is in overbought territory.
- **MACD**: In positive zone with bullish crossover.
🔹 **Support**:
- 2.5169 (EMA7).
- 2.4374.
🔹 **Resistance**:
- 2.6864 (highest peak of the current session).
- 2.7258 (potential major resistance level).
🔹 **Trading Volume**: It increased as the price rose, indicating strong buying momentum.
📈 **Purchase scenario**:
1. Entry point:
- Buy when 2.6864 is broken and a clear bullish candle closes above it.
- Or retest 2.5169 with positive bounce.
2. Objectives:
- First goal: 2.7258.
- Second target: 2.8600.
3. Stop Loss:
- Down 2.5169.
📉 **Sales Scenario**:
1. Entry point:
- Sell when 2.5169 is broken with confirmation by a strong bearish candle.
- Or at 2.6864 if the price fails to break through it.
2. Objectives:
- First goal: 2.4374.
- Second goal: 2.1491.
3. Stop Loss:
- Top 2.6864.
🔍 **Final Recommendation**:
- Buy if the price breaks 2.6864.
- Sell if the price breaks 2.5169.
- Monitor RSI, MACD, and volume to confirm entry.
#Trading#XRP#TechnicalAnalysis #Crypto