XRP Pulls Back After High– Bulls want 20$ fast… But what may be Next?🧐
XRP surged fast to $3.66, its highest in months, before cooling off to $3.39. The 4H chart shows signs of healthy consolidation after a strong uptrend.
🟢 Bullish Signs:
• Price still above EMA(7), EMA(25), and well above EMA(200)
• RSI(24) at 62 – still in bullish territory
• MACD near neutral, but no sharp bearish divergence yet
🟠 Neutral to Slight Bearish Short-Term:
• Lower high at $3.4855
• RSI(6) dropping to 48 – momentum cooling
• MACD histogram slightly red
📊 Key Levels:
• Support: $3.28 and $3.10
• Resistance: $3.48 and $3.66 (retest likely if volume returns)
Realistic Forecast:
Traders should expect sideways action and mild dip before next breakout attempt especially if the market will turn red after few green days🔥
A strong bounce from $3.28 support could trigger a retest of the $3.60 zone.🫣
Good luck!🤠