This analysis explores the current price structure of XRP/USDT on the 4-hour chart, highlighting important support/resistance levels, potential reversal zones, and the projected upside target.
---
🟢 Key Technical Observations
📌 Strong Supply Zone (Support Zone)
Price has recently touched a strong supply zone (marked in red), which has historically acted as a reversal point.
This zone has served as a base for previous bullish moves, and once again, buyers seem to be stepping in.
📉 Previous Downtrend
The recent trend shows a series of lower highs and lower lows, suggesting a bearish market structure.
However, the sharp reaction from the support zone hints at a potential trend reversal.
---
📊 Resistance Levels and Potential Targets
1. 1st Resistance: ~$1.29 USDT
This level is the first obstacle for the bulls.
If price breaks above this point, it would confirm bullish strength and a reversal pattern (possibly a W or double bottom).
2. 2nd Resistance: ~$1.45 USDT
A clean break above the first resistance could trigger a push toward this level.
Historically, this zone has seen strong selling pressure.
3. Long-Term Target: ~$2.57 USDT
This target reflects a much higher level of interest.
It corresponds to a previous swing high, suggesting it could be reached in the coming weeks if bullish momentum sustains.
---
🧠 Indicators & Signals
The chart shows moving averages (EMA and MA) compressing, which often indicates a possible breakout zone.
The rounded green curve implies a projected cup-like recovery, hinting at a potential rally if the price holds current support.
Volume bars at the support area suggest accumulation may be happening.
---
✅ Conclusion
Current Market Stance: XRP is showing signs of reversal from a key demand zone.
Short-Term Outlook: Bullish above $1.29, with upside potential to $1.45.
Long-Term Outlook: If momentum continues, $2.57 is a realistic target in the medium-to-long term.
---