🚨 Technical Analysis for Currency $XRP – 4-Hour Frame
🔸 The price is trading around 3.11 in a sideways behavior
🔸 The 200 Moving Average is below the price, and the 20 and 50 are crossing negatively
🔸 The Ichimoku cloud represents a clear resistance
🔸 The RSI indicator is moving below 50 = weak momentum
📌 Trade Type: Spot
🎯 Positive Scenario:
– Break above 3.23 with a candle closing above it
– Targets: 3.34 – 3.50 – 3.67
❌ Negative Scenario:
– Break below 3.05 with a clear close
– Targets: 2.95 – 2.83 – 2.70
📌 Note: The market is volatile and false breakouts are possible; it is best to wait for confirmation.
⚠️ Disclaimer: This analysis is for educational purposes only and does not represent financial advice.