Analysis of the 4-hour chart for XRP
General Trend
In the four-hour chart, XRP shows a clear upward trend over the past few days. Prices have risen from a level of about $2.86 to over $3.27, indicating strong buying power and increased optimism about the currency.
Current Resistance
- The main resistance currently lies at $3.27 - $3.30, which is the area that has seen strong resistance over the past hours.
- If $XRP can break through this area and maintain a close above it, it is likely to target the next resistance level at **$3.50**.
Current Support
- The main support is now at **$3.14 - $3.15**, which is the level that has been tested several times without a significant drop below it.
- If $XRP breaks below this support, it could lead to a temporary downward correction towards **$3.05 - $3.00**.
Opportunities and Expected Scenarios
- Bullish Scenario: If it maintains trading above $3.14, the path will be open to move towards $3.30 and beyond.
- Bearish Scenario: If it records a genuine drop below $3.14, we may see some temporary pullback before resuming the upward trend.
Conclusion
XRP is in a strong upward position on the 4-hour timeframe, with important resistance to watch at $3.27 - $3.30. If you are looking to buy, support levels around $3.14 could be a good opportunity for a safe entry.
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