$XRP
XRP/USDT 4-HOUR CHART ANALYSIS đ
1. Price Movement Overview đč
âąCurrent Price: $2.5758
âą24H Low: $2.3333 | 24H High: $2.5977
âąXRP shows a strong uptrend, with a massive breakout from lower levels. The price surged from $0.4860 to a peak of $2.9092, showing parabolic growth đ.
2. Key Support & Resistance Levels đ ïž
âąSupport: $2.14 â This level shows clear price defense after dips.
âąResistance: $2.90 â The price faced rejection here, marking a local peak.
If XRP breaks $2.90, the next psychological resistance could be $3.00 đ. However, failure to hold above $2.57 might test the $2.14 support.
3. Volume Analysis đ
âą24H Volume (XRP): 673.51M
âąVolume Increasing: The uptrend was supported by significant volumeâan indicator of strength đȘ. Keep an eye for declining volume at resistance, which could signal a reversal.
4. Trend Analysis đ
âąUptrend Continuation: The higher highs and higher lows confirm an uptrend. đ
âąEMA/SMA Check: If XRP stays above moving averages (like EMA-50 or EMA-200), the uptrend can continue.
5. Next Steps: Trading Action đš
âąBullish Scenario: A clear breakout above $2.90 with volume could trigger a push to $3.00â$3.03.
âąBearish Scenario: If XRP loses $2.57, watch for $2.14 as a strong rebound zone đ.
Conclusion for XRP đ„
âąXRP remains bullish but watch for a potential rejection at $2.90. A breakout could send XRP flying đ, but cautious traders should wait for confirmation above resistance.
