#Xrp🔥🔥 Let's get more serious!
📈 TECHNICAL ANALYSIS - XRP/USDT (4H)
🟢 CURRENT TREND:
XRP is forming an inverted Head and Shoulders pattern (H&S) with the neckline in the zone of 3.10 - 3.15 USDT.
The current price is testing the middle part of the range, after a controlled drop from 3.30.
✍️ KEY LINES DRAWN:
1. Immediate support:
🟦 Zone: 2.88 - 2.90
It has been tested twice with a strong rebound. Key level to hold if the market weakens.
2. Immediate resistance (neck of the H&S):
🔴 Zone: 3.10 - 3.15
If it breaks this zone with volume, we go directly to 3.45 - 3.60.
3. Intermediate support of the pattern:
🔵 Horizontal neckline of the right shoulder: 2.98 - 3.00
If it loses this strongly and with selling volume, it could retest the support at 2.88 or form a new wider pattern.
4. Ascending consolidation trend:
🔼 Trend line marked from the lows of August 1.
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🔍 INDICATORS:
RSI: Close to 50 points, no oversold or overbought. If it exceeds 60 with volume, it is bullish.
KDJ: Marked a bearish crossover at the peak of 3.30, but is now in a neutral-bullish zone. Confirmation needed.
Volume: Increased on the rebound from 2.88. If it increases again upon breaking 3.15, the upward movement will be confirmed.
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📰 UPDATED FUNDAMENTAL ANALYSIS:
According to current reports, the United States and the SEC are easing pressure on XRP and other cryptos.
There is talk of XRP integration into more regulated payment systems, which would provide institutional momentum.
Rumors that Ripple is preparing to go public (IPO) also boost positive sentiment.
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🎯 STRATEGIC CONCLUSION:
1. Bullish if: breaks 3.15 with increasing volume. Target: 3.45 – 3.60.
2. Neutral if: stays in the range 2.88 – 3.15 (accumulation phase)
3. Bearish if: loses 2.88 with strong volume → possible drop to 2.60.
Of the 3 possible scenarios, there are 2 good ones and one not so much ...