XRP 4-hour analysis:
1. Current price:
Buy price: 2.3516 USDT.
Sell price: 2.3515 USDT.
Change: -3.89% (-0.0953), indicating a decrease in the current price.
2. General trend:
We have observed a strong price rise since mid-November to December, where the coin saw a significant jump from levels below 1 USDT to around 2.5 USDT.
After the rise, the price has seen relative fluctuation and stability near the 2.3 - 2.5 USDT level.
3. Trading volumes:
Trading volume is evident at the bottom, showing a significant increase in conjunction with the significant rise, reflecting strong interest in the market.
The latest visible trading volume is 2.28 million, which is relatively high.
4. Support and resistance levels:
The current major support is at the 2.0 USDT level.
The most important resistance is at the 2.5 USDT level, as it appears that the price is having difficulty breaking through this level.
5. General indicators:
The uptrend is still in effect, but there is a slight weakness with a decline recorded at the moment.
The market is waiting for a break of the resistance or a decline towards the support.
Watch the currency if it breaks the resistance level ✈️🔥
