$XRP (XRP/USDT) Technical Analysis! 🔥💯
The $XRP /USDT pair on the 4-hour timeframe is showing bullish momentum, currently trading at $2.3611 (+3.96%). With increased trading volume of 857.54M USDT, XRP has broken above its resistance at $2.35 and is testing new highs.
Key Levels to Watch
Support: $2.25
Resistance: $2.50
Current Trend: Bullish
If $XRP sustains above the $2.35 level, the next target could be $2.50, representing a significant breakout. However, a failure to hold this level could lead to a retest of the $2.25 support zone, signaling potential consolidation.
Trading Strategy
1. Long Position:
Entry: $2.36-$2.38
Targets: $2.45, $2.50
Stop-Loss: Below $2.30
2. Short Position:
Entry: Below $2.34
Targets: $2.25, $2.20
Stop-Loss: Above $2.38
Indicators
Volume SMA 9: Increasing, confirming strong buyer interest.
24h High/Low: $2.4683 / $2.2572
Patience and discipline are crucial. Ensure you wait for confirmation before executing trades. The bulls have control, but staying
cautious at key levels is essential.
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