📢📢$XRP at Make-or-Break Zone – Breakout or Bull
Dear traders,
Looking at the current 4H chart of XRP/USDT, we’re witnessing a strong bullish momentum, but caution is advised right now. Here’s what’s happening and what to expect next:
Current Price: $2.4130
24H High: $2.4400
24H Low: $2.3224
Volume: Rising, showing strong market interest
👉Key Observations:
Bullish Rally: XRP has formed a series of higher highs and higher lows, clearly indicating bullish momentum. The current uptrend began around $2.08 and has been strong.
💥Resistance at $2.44: Price hit resistance at $2.4400 and pulled back slightly. This indicates short-term selling pressure from profit-takers.
💥Support Zone: The nearest support lies at $2.38–$2.37. If this holds, XRP may continue its upward move.
💥Candle Structure: Recent green candles with long wicks on top show bulls are strong, but bears are defending key resistance zones.
🚨What’s Likely to Happen Next?
Scenario 1: Break Above $2.44
🎯If bulls break and close above $2.44 with volume confirmation, expect a quick move toward $2.50–$2.55.
💥Watch for a breakout candle on the 4H with strong volume.
Scenario 2: Rejection at $2.44
A second rejection could lead to a pullback to $2.38 or deeper toward $2.30.
This will form a double top, signaling a potential short opportunity.
📢Strategy:
Aggressive Bulls: Enter on breakout of $2.44 with SL below $2.38
Cautious Traders: Wait for a pullback to $2.38–$2.35 for a better risk-reward entry
Bears: Look for short signals if XRP forms a clear double top and breaks $2.37
Trade here 👉 $XRP
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