$XRP

Technical Analysis XRP USDT

XRP continues to show strength on the four-hour chart, holding slightly above the key level of 2.15. We clearly see that after a long bullish breakout from its recent lows, a Breakout Structure (BOS) is forming, indicating the potential for continuation.

✅ Bullish Scenario

If the price maintains the current demand level at 2.05-2.10, we could witness a clear move towards the next supply level at 2.45. Breaking this level would open the way to reaching its weekly highs at 2.65. A deeper correction may follow.

❌ Bearish Scenario

If it fails to hold at the level of 2.0-2.05, liquidity may drop, targeting a deeper demand area around 2.0-2.05. This level coincides with the strong previous bottom and could serve as a launching point for a new upward movement.

Overall, XRP is currently in a key area. As long as it remains above the level of 2.25, the structure remains bullish. Watch for any breakout or rejection at the level of 2.45 to determine the short-term direction.