Technical Analysis for $XRP /USDT (Next 4 Hours):
The market is exhibiting strong bearish dominance, with the current price trading at 2.1628 (-1.06%) below all Moving Averages (MA7: 2.2307, MA25: 2.3545, MA99: 2.2563). The negative MACD (-0.0316) reinforces this trend, with accelerating selling momentum (DIF below DEA). Weak trading volume (~2.16 billion USDT) increases the likelihood of sharp volatility.
Key Outlook:
* Bearish Scenario (80% Probability):
* The price may drop to 2.1500 (immediate psychological support).
* Upon breaking this level, the target is 2.1300 (strong support area).
* Any break below 2.1300 could push the price towards 2.1200.
* Bullish Scenario (20% Probability):
* Requires breaking resistance at 2.1750 first, then 2.1900 (near the 7-day Moving Average).
* This is contingent on a sudden increase in trading volume or positive news.
* Sellers: Enter short at 2.1630 with a stop-loss above 2.1750.
* Pessimists: Wait for a break below 2.1500 to confirm the downward trend.
* All Traders: Monitor immediate trading volume and XRP news (especially legal developments), while implementing strict capital management due to potential market volatility.
Bearish pressure is dominant, and the primary 4-hour targets are 2.1500 then 2.1300. Any bullish shift requires breaking 2.1750 with clear momentum.
This is a technical market analysis and not financial advice