$XRP is trading at approximately $2.57 USD.
Support and Resistance Levels:
Immediate Support: $2.50 – This level has been tested recently and may act as a short-term floor
Immediate Resistance: $2.65 – A break above this could signal bullish momentum.
Key Resistance Levels: $2.79 and $2.90 – These levels are crucial; surpassing them may lead to further upward movement.
Fair Value Gaps (FVGs):
An FVG exists around $2.50, indicating a potential demand zone where price might stabilize before a bullish move.
Order Blocks:
A significant order block is identified between $2.60 and $2.68. This area may serve as a support zone, providing a base for potential upward movement.
Liquidity Pools:
A notable liquidity pocket is present around the $2.86 zone, making it a potential short-term target due to the concentration of liquidations in this area.
Chart Patterns:
On the 4-hour chart, a bearish divergence between the price and the RSI suggests a possible consolidation around the $2.70 level in the coming days.
The XRP/USDT market is currently navigating key technical levels. Monitoring the $2.50 support and $2.65 resistance is essential for traders. A decisive move beyond these levels, accompanied by increased volume, could indicate the next significant price direction