$XRP /USDT Technical Analysis – 4H Chart Overview
Current Price: $2.2773
24H Range: $2.25 (Low) – $2.36 (High)
Volume (24H): XRP – 172.24M | USDT – 396.53M
Performance:
7 Days: +10.05%
30 Days: +7.43%
90 Days: -27.42%
180 Days: +335.18%
1 Year: +336.85%
🔍 Chart Insights
Price Structure: XRP recently bounced off the $2.00 level, forming higher lows indicating bullish accumulation and recovery from recent lows.
Resistance Zone: Around $2.36–$2.50, where prior rallies stalled.
Support Zone: Strong support sits around $2.00, which has held multiple times.
Volume Analysis: Volume remains steady, with no major spikes indicating exhaustion suggesting ongoing accumulation.
Technical Indicators
Trend Direction: Recovering from a mid-April dip; price is trading above the short-term moving average (not explicitly shown, but inferred from slope and structure).
Market Sentiment: The bid-ask ratio in the order book shows 61.24% buyers, which leans bullish.
Volatility: Narrowing trading range suggests potential breakout setup.
🧠 Possible Scenarios
✅ Bullish Breakout
If XRP breaks above the $2.36–$2.50 resistance zone, the next key targets lie around $2.75 and $3.00. Sustained volume will be critical.
⚠️ Rejection and Pullback:
Failure to break $2.36 may lead to a pullback to $2.10 or $2.00, offering a better re-entry zone before any upward continuation.
🔄 Sideways Consolidation:
XRP may also consolidate between $2.10–$2.40 before a decisive move. Watch for a volume breakout.