$XRP /USDT 4H Chart Analysis - May 16, 2025
XRP/USDT is currently at a pivotal point after a sharp correction! 📉
Price: $2.4334, down 0.33% (testing key support at 2.4000–2.4334).
Recent Movement: Dropped from a high of 2.7000 (May 13) after a strong uptrend from 2.4000 (May 9). That’s a 9.9% pullback!
Volume: Spiked at the peak, now lower indicating possible stabilization.
9-period SMA: Trending down, price below it, confirming short-term bearish momentum.
Support/Resistance:
Support at 2.4000–2.4334 (holding so far). A break below could target 2.3471 (24H low).
Resistance at 2.5000, then 2.7000.
Volatility: High, with 24H range between 2.3471 and 2.5056.
Long-term: Still up 370.68% in a year, but 90-day performance is down 11.41%.
What’s Next?
🚨 Bearish: Break below 2.4000 may lead to further declines.
🚀 Bullish: A bounce from support with volume could push toward 2.5000. Breaking above the SMA would be a strong signal.
Keep an eye on volume and price action at these levels!
