Technical Analysis for $XRP #xrp XRP on a 4-Hour Frame (4H):
- The current price is approximately in the range of $2.95–$3.35 with recent upward movements and limited volatility.
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- Near support: around $2.90–$2.95. If broken, bearish pressure may return and target $2.80.
- Near resistance: at $3.30–$3.35. A significant breakout could build momentum to target $3.60–$3.80 in the near term.
- The overall trend on 4H leans upwards with consecutive upward waves, but indicators need confirmation:
- RSI near 55–65, indicating moderate upward momentum with the potential to enter OVERBOUGHT areas if the heat continues.
- MACD shows potential bullish crossovers or overlaps, and the histogram is positive with a slight increase, supporting positivity as long as momentum continues.
- Potential entry signals: breaking resistance at $3.30–$3.35 with a four-hour close above it and confirming high volume; set a stop loss below $2.85.
- If the price stabilizes above $3.40–$3.50 for a period, we may target $3.80 then $4.10 based on momentum.
