Overall trend
XRP's movement on the 4-hour timeframe shows a sideways trend leaning upwards, following a strong rise over the past few days. Prices are currently fluctuating between clear support and resistance levels, reflecting a state of anticipation among traders.
Current resistance
The currency faces notable resistance at $3.22 - $3.25, an area that has been tested multiple times without a clear breach so far.
If this barrier is breached and closed above it, we may witness a surge towards $3.35 - $3.40 in the near term.
Current support
The primary support currently lies at $3.10 - $3.12, a support level that has been stable for over 24 hours.
Breaking this support may push the price towards re-testing the $3.00 - $2.98 area, which is also a strong technical support zone.
Expected opportunities and scenarios
Upward scenario: Maintaining trading above $3.10, with renewed buying momentum, may enhance chances of returning to $3.25 and above.
Downward scenario: Closing below $3.10 may indicate the beginning of a deeper correction towards $3.00 levels and possibly lower in the short term.
Summary
XRP is in a technically sensitive area. If the resistance at $3.25 is confirmed to be breached, we may see a new upward wave. However, if this fails, supports around $3.00 - $3.10 will be good areas to monitor market reaction. 📈🚀📊
