🚀 Hello trader friends! Let's take a look at the XRP/USDT chart on the 4-hour timeframe! 🧐$XRP
Key Points:
- Lux Algo SMC: There is a "CHoCH" indicating a shift in market sentiment! 📉 There is also a strong "Order Block" at $2.25-$2.30 acting as a rejection wall. Don't forget, there is a "Fair Value Gap" at $1.90-$2.00 that could be a retest area.
- Volume: The volume is currently relaxed after yesterday's surge, but there was a spike when the price fell.
- RSI: At around 44, not overbought or oversold. So it's still neutral.
Optimistic View:
If XRP can break through the "wall" of $2.30 with super strength, who knows it could continue to rise! 📈 But it's a bit tough right now.
Cautious View:
It seems XRP is still comfortable on a downward path. The Order Block above is really strong! If it doesn't break through strongly, it could continue to slide down, maybe to $1.80. 😬
Conclusion:
For now, I personally lean towards bearish for XRP. But remember, the market can change at any time! 🎢 Always monitor important areas and don't rush.
Let's keep learning and be careful in trading! Follow my page for more updates! 😉
