$XRP Detailed Technical Analysis of XRP/USDT (4H Chart)

1. Fibonacci Retracement Analysis

Using the recent swing low ($2.3223) and swing high ($2.8356), we can identify key support and resistance levels:

23.6% Retracement: $2.7220 (minor support)

38.2% Retracement: $2.6587 (stronger support, near EMA 25)

50.0% Retracement: $2.5790 (critical mid-level support)

61.8% Retracement: $2.5003 (golden ratio support, near EMA 199)

78.6% Retracement: $2.4051 (deep pullback support)

2. Trendline Analysis

The uptrend line (from $2.3223 to $2.8356) is still intact, but price is consolidating.

A break above $2.75 with strong volume could signal continuation toward $2.85-$2.90.

If the price falls below $2.65, it may test $2.58-$2.50, aligning with Fibonacci and EMA support levels.

3. Resistance & Support Levels

Resistance Zone: $2.83 - $2.85 (recent high)

Major Resistance: $2.90 - $3.00 (psychological level)

Support Zone: $2.65 - $2.72 (EMA 25 & Fibonacci 38.2%)

Major Support: $2.50 - $2.55 (EMA 199 & Fibonacci 61.8%)

4. RSI & Stochastic RSI Confirmation

RSI (6) at 53.4 suggests a neutral zone. A move above 60 would confirm bullish strength.

Stochastic RSI is near the oversold level, meaning a potential bounce could happen soon.

5. MACD & Volume Confirmation

MACD is slightly bearish, showing a weakening bullish momentum.

Volume is declining, suggesting indecision. If volume increases, a breakout could happen.

---

📌 Trading Plan Scenarios

🔵 Bullish Scenario (Breakout Trade)

Buy if XRP breaks above $2.75 with volume confirmation.

Target 1: $2.83

Target 2: $2.90

Stop-loss: $2.65

🔴 Bearish Scenario (Pullback Entry)

Wait for a pullback to $2.58 - $2.50

Buy near Fibonacci 61.8% ($2.50)

Target 1: $2.72

Target 2: $2.83

Stop-loss: Below $2.40

XRP is in a consolidation phase. If it breaks above $2.75, a move to $2.85-$2.90 is likely. However, if it drops below $2.65, it could test $2.50-$2.55. Watch for volume confirmation before making a move.