Technical Analysis $XRP/USDT (next 4 hours):
The market shows a strong bearish trend: the current price is at 21,628 (-1.06%) under all moving averages (MA7: 22,307, MA25: 2,3545, MA99: 2,2563). The negative MACD (-0.0316) reinforces this trend by promoting accelerating selling (DIF below the DEA). The small trading volume (~$2.36 billion) increases the potential for dramatic changes. Main view:
* Test command (80% probability):
* The price could drop to 21,500 (immediate psychological support). * Upon breaking this level, the target is 21,300 (strong support area). * Any break below 2133 could lead to a rise to 21200. * Bullish Instructions (20% probability):
* First, requires a breakout at 21750, then 21900 (close to the 7-day moving average). * Depends on a sudden increase in activity or positive messages. * Sellers: Come, except at 21630, with a stop above 21750. * All traders: Immediately monitor the number of XRP activities and news (especially legal developments) and implement strict capital management due to potential market instability. Bear pressure dominates, and the primary 4-hour targets are 21500 and then 21300. Any bullish trend requires a breach of 21750 with clear momentum. This is a technical market analysis and not financial advice. $XRP