In the recent trading session, the XRP/USDT chart on the 4-hour timeframe shows that the market signal is entering an accumulation phase with narrowing volatility, as the current price moves within the Ichimoku cloud and between the Bollinger bands.
Highlights:
• Ichimoku Cloud: The price is within the Kumo cloud, reflecting that the market has not clearly defined a trend. The future cloud is thin, indicating weak momentum.
• Bollinger Bands: The Bollinger Bands are clearly narrowing – a classic sign of an accumulation phase before strong volatility returns.
• Stochastic RSI: A short-term downtrend is forming after this indicator fell from the overbought zone, with a downward crossover signal.
• MACD: A bearish crossover has appeared between the MACD and Signal Line, accompanied by a red histogram – reinforcing short-term selling pressure.
Scenarios to watch:
• If XRP breaks below the support around the 2.17–2.18 USDT zone, the price is likely to retreat to test deeper zones such as 2.10 or 2.05 USDT.
• Conversely, if a successful breakout occurs above the 2.23 USDT zone, it could open up a bullish trend again with a short-term target near 2.30 USDT.
In summary: XRP is in an accumulation phase with a slight short-term downtrend. Traders should be cautious when opening new positions and wait for clear confirmation from price action as well as a breakout from the current sideways range.