Technical Analysis of XRP/USDT - 4-Hour Time Frame in the Short Term
Current Price: $2.3593
Daily Change Percentage: +0.15%
Lowest Price in 24 Hours: $2.2984
Highest Price: $2.6549
Overview: The XRP coin has recorded a positive rebound from the strong support area at $2.30, coinciding with the price resting above the MA99 moving average, which enhances the likelihood of the beginning of a new upward wave after a deep correction.
Key Technical Points:
Strong technical support at $2.30
Successful test of MA99 at $2.32 as a dynamic support level
Continued formation of higher lows is a positive signal in the short term
Upcoming Price Targets (if the upward momentum continues):
First Target: $2.4298
Second Target: $2.5568
Third Target: $2.6838
We will see further targets if the upward momentum continues
Nearby Support:
$2.30
Expected Scenario:
If it stabilizes above 2.32 and confirms above 2.43, we expect the upward trend to continue towards the indicated targets.