$XRP just got rejected hard from that 1.6581 peak and now we’re sitting at 1.5254 after a solid -2.88% drop.
Look at this 4h chart. Price pumped hard from the 1.3680 low, printed higher highs all the way up, then got smacked at 1.6581. Since then it’s been making lower highs and giving back a big chunk of the move. That recent red candle closed right around here with sellers still in control.
Here’s what I’m watching closely 👀
That zone near 1.5184–1.52 is acting as short-term support right now. Price is testing it. If it holds and we get a strong green candle reclaiming 1.5450, we could see a bounce back toward 1.58–1.60.
But if this level fails and we close below 1.5184 with volume, the next stop looks like the 1.48 area, and a deeper drop toward 1.42 becomes more likely.
RSI(6) is sitting at 34.6, momentum is clearly cooling off after that big run. Not extreme yet, but it’s showing the buyers are taking a break.
Both sides are still in play.
Bullish scenario needs a clean reclaim of 1.5450 and a higher low.
Bearish scenario gets stronger if we lose 1.5184 with conviction.
I’m watching how price reacts right at this 1.52 level over the next few candles. A strong rejection higher would keep the bullish structure alive. A clean break lower would shift the short-term picture.
Guys follow for more chart analysis 😎 I’ll keep showing you exactly what the chart is telling us. 👀🔥
Look at this 4h chart. Price pumped hard from the 1.3680 low, printed higher highs all the way up, then got smacked at 1.6581. Since then it’s been making lower highs and giving back a big chunk of the move. That recent red candle closed right around here with sellers still in control.
Here’s what I’m watching closely 👀
That zone near 1.5184–1.52 is acting as short-term support right now. Price is testing it. If it holds and we get a strong green candle reclaiming 1.5450, we could see a bounce back toward 1.58–1.60.
But if this level fails and we close below 1.5184 with volume, the next stop looks like the 1.48 area, and a deeper drop toward 1.42 becomes more likely.
RSI(6) is sitting at 34.6, momentum is clearly cooling off after that big run. Not extreme yet, but it’s showing the buyers are taking a break.
Both sides are still in play.
Bullish scenario needs a clean reclaim of 1.5450 and a higher low.
Bearish scenario gets stronger if we lose 1.5184 with conviction.
I’m watching how price reacts right at this 1.52 level over the next few candles. A strong rejection higher would keep the bullish structure alive. A clean break lower would shift the short-term picture.
Guys follow for more chart analysis 😎 I’ll keep showing you exactly what the chart is telling us. 👀🔥
