On the 4-hour chart, XRP/USDT shows a failed attempt to break through the upper Bollinger band, followed by an aggressive reversal that brought the price back to the $2.35 region. The asset temporarily lost the central moving average of the bands and tested the lower band, suggesting more intense selling pressure.
This movement indicates that bulls encountered strong resistance between $2.46 and $2.48. The candle structure points to a relevant top, increasing the risk of continued correction if there is no quick resumption of buyer control.
Technical indicators reinforce loss of momentum
The Relative Strength Index (RSI) fell to 42.6 points, below the average of 50 and breaking its support moving average. This crossover is a technical signal of buyer weakness and may precede further losses in the short term.
XRP price analysis. Source: TradingView
The recent history shows a sequence of descending tops in the RSI, even with attempts at price recovery. This characterizes a classic bearish divergence, raising the alert for new pullbacks.
Short-term support in focus
If XRP firmly loses the level of $2.31, the next support zone is between $2.28 and $2.25, where there was previous consolidation. Losing this range would pave the way for a correction down to $2.15.
On the other hand, a recovery above the Bollinger average at $2.39 with increased volume could indicate an attempt to regain bullish momentum. In this case, immediate resistance remains in the $2.46 region.
The article Analysis XRP: price seeks recovery after pullback was first seen on BeInCrypto Brazil.
