Based on the 4-hour chart of $XRP /USDT,
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🔍 Technical Analysis Overview
1. Trend:
Price has been in a strong uptrend, breaking above previous resistance at 3.66.
Currently consolidating just below 3.75 (a new local high).
2. Parabolic SAR:
Dots are below the price, signaling continued bullish momentum.
3. MACD:
MACD line slightly below the Signal line, indicating a mild bearish crossover, though weakening.
Suggests a potential short-term pullback or sideways move before next leg up.
4. RSI (6):
Reading at 58.13, shows price is not overbought, room for further upside.
Neutral-bullish zone.
5. Volume:
Spikes in volume supported the breakout past 3.66, now decreasing slightly in consolidation.
Suggests a healthy retracement or retest of support before another move.
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📈 Intraday Trading Signal
✅ Entry Point
Buy Zone: 3.48 – 3.52 USDT
(Look to enter on a slight pullback or confirmation bounce from current support)
🛡️ Stop-Loss
Below recent support: 3.42 USDT
(Just under the 24h low and previous consolidation level)
🎯 Take-Profit Targets
1. TP1: 3.66 USDT (recent high, short-term target)
2. TP2: 3.74 – 3.75 USDT (next resistance / local top)
3. TP3 (extended): 3.88 USDT (if strong bullish momentum resumes)
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⚠️ Risk-Reward Estimate
Risk: ~0.10 USDT
Reward: 0.14 – 0.36 USDT
RR Ratio: ~1.5 to 3.6
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📌 Summary
XRP/USDT is showing signs of strength in a consolidation phase after a strong rally. Indicators support a bullish bias, but slight caution is warranted due to a mild MACD crossover. Best approach: wait for a small dip or bounce at support to enter.
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🔍 Technical Analysis Overview
1. Trend:
Price has been in a strong uptrend, breaking above previous resistance at 3.66.
Currently consolidating just below 3.75 (a new local high).
2. Parabolic SAR:
Dots are below the price, signaling continued bullish momentum.
3. MACD:
MACD line slightly below the Signal line, indicating a mild bearish crossover, though weakening.
Suggests a potential short-term pullback or sideways move before next leg up.
4. RSI (6):
Reading at 58.13, shows price is not overbought, room for further upside.
Neutral-bullish zone.
5. Volume:
Spikes in volume supported the breakout past 3.66, now decreasing slightly in consolidation.
Suggests a healthy retracement or retest of support before another move.
---
📈 Intraday Trading Signal
✅ Entry Point
Buy Zone: 3.48 – 3.52 USDT
(Look to enter on a slight pullback or confirmation bounce from current support)
🛡️ Stop-Loss
Below recent support: 3.42 USDT
(Just under the 24h low and previous consolidation level)
🎯 Take-Profit Targets
1. TP1: 3.66 USDT (recent high, short-term target)
2. TP2: 3.74 – 3.75 USDT (next resistance / local top)
3. TP3 (extended): 3.88 USDT (if strong bullish momentum resumes)
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⚠️ Risk-Reward Estimate
Risk: ~0.10 USDT
Reward: 0.14 – 0.36 USDT
RR Ratio: ~1.5 to 3.6
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📌 Summary
XRP/USDT is showing signs of strength in a consolidation phase after a strong rally. Indicators support a bullish bias, but slight caution is warranted due to a mild MACD crossover. Best approach: wait for a small dip or bounce at support to enter.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XRP
3.219
-8.42%
