XRP/USDT has been exhibiting strong bullish momentum in the past 4 hours, continuing its upward movement after a notable surge. Currently trading at around $1.1387, the price has seen a significant rally from the $0.48 level, reaching a high of $1.27. This is a clear sign of strong market interest, supported by increased trading volume.
Key support levels are located at $1.02 (recent low) and $0.73 (previous resistance now acting as support), while the immediate resistance lies at $1.27 with a psychological barrier at $1.30. Traders are watching for a potential breakout above $1.30 to extend the bullish rally further. The MACD indicator is showing positive momentum, further supporting the upside.
Despite this, caution is advised due to overbought conditions indicated by the KDJ and RSI indicators. A short-term pullback towards $1.02 or $0.90 could be possible if selling pressure builds. Longer-term bullish targets remain in the $1.50 to $2.00 range if the market maintains its current confidence.
As always, traders should remain mindful of the volatility and adjust their strategies accordingly.
