đ¨ $XRP â Support Rebound in Play! đ¨
The 4-hour chart for $XRP shows a clear bounce off a strong support zone. With the current price at $0.5396, XRP appears to be stabilizing and setting up for a potential upward move after the recent consolidation phase.
đĄ Key Levels to Watch:
Immediate Resistance: $0.5600
Current Price: $0.5396
Support Zone: $0.5200 â $0.5250
đ Bearish Scenario:
If XRP loses the support around $0.5200, it could revisit lower levels, with the next key support zone near $0.5000. A break below this could trigger further selling pressure.
đ Bullish Scenario:
A move above the $0.5600 resistance would signal renewed buying interest, potentially leading XRP toward the $0.5800 â $0.6000 range. A confirmed breakout could ignite a rally for short-term traders.
⥠Keep an Eye on the Volume: If the support holds and momentum builds, XRP could be primed for a strong recovery. Traders should monitor closely for breakout confirmation to catch the next big move.
