📢 Technical Analysis – $XRP on the 4H Chart
▪️ XRP is currently moving within a descending channel, with key resistance at the $2.32–$2.35 range.
▪️ The 50 and 200 EMAs are above the price and applying downward pressure, while RSI remains below 50, indicating weak momentum.
▪️ The $2.25–$2.22 support zone has recently acted as a reliable rebound area.
🔍 Potential Scenarios:
✅ If price breaks above $2.35 and closes a solid 4H candle, it may open the door toward $2.50, followed by $2.65.
❌ On the other hand, if price falls back below $2.22, a move down toward $2.10 becomes highly probable.
📌 For spot traders, accumulating near support with eyes on the next resistance might be a cautious yet strategic move — especially if price action confirms buyer strength.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.$