xrp

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.