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On the 1-hour chart, XRP shows a short-term uptrend, bouncing from $2.286 to $2.48. However, the appearance of small-bodied candles near $2.48 suggests uncertainty among traders. Green candles with increasing volume indicate buying interest, but the absence of follow-through could mean the momentum is losing steam. Support is anchored at $2.35, while resistance remains steady at $2.48. A spike in volume above $2.48 might pave the way for a more significant upward move.

XRP Technical Analysis: Bulls Eye a Breakout as $2.9 Resistance Looms

$XRP /USD 1H chart on Dec. 13, 2024.

Shifting to the 4-hour chart, XRP displays heightened price swings. After a sharp pullback to $1.897, the price rebounded swiftly, settling into the $2.4–$2.5 zone. This consolidation is marked by reduced trading volume, hinting at the possibility of an impending breakout. Strong support exists between $2.2 and $2.3, while $2.65 stands as a critical resistance level repeatedly tested but not yet broken. Traders should keep an eye on a clear move out of this consolidation range.

#XRP Technical Analysis: Bulls Eye a Breakout as $2.9 Resistance Looms

XRP/USD 4H chart on Dec. 13, 2024.

Zooming out to the daily chart, XRP continues its upward trend. Following a rally to $2.91, the price has stabilized within a $2.6–$2.9 range. During this period, declining volume points to slowing momentum, though the presence of dominant green candles highlights persistent bullish sentiment. Support is solid between $2.2 and $2.4, with $2.9 as the next major resistance. A breakout above $2.9 accompanied by strong volume could renew the uptrend.

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