Technical Analysis of XRP – 4-Hour Frame
Current Price: $2.05
Overall Trend: Sideways movement with an attempt to break nearby resistance
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Support:
$2.00 – Important psychological and technical support
$1.95 – Historical support
$1.75 – Potential support if the decline continues
Resistance:
$2.10 – Current resistance
$2.18 – Next resistance
$2.30 – Major resistance if the uptrend continues
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Positive Scenario: A strong close above $2.10 may push the price towards $2.18 then $2.30, and with continued momentum, we may see levels of $2.50 – $2.70 later.
Negative Scenario: Failure to break $2.10 may lead to a decline towards $2.00 then $1.95, and breaking this area could open the door for a drop to $1.75.
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Note: This is not considered direct investment advice. It is always preferable to conduct personal analysis or consult a specialist before making trading decisions.