📊 $XRP — Bounce after a sharp drop: is a continued rise in the making?
On the 4H XRP/USDT chart, we’re seeing an attempt to recover after a sharp decline to $1,3189. The price is now around $1,4140.
🔹 What we see on the chart:
* The price has moved back above MA(7) and MA(25) — the short-term recovery looks positive.
* MA(99) at $1,4795 remains an important resistance level.
* Trading volumes have declined after the strong downward impulse — buyers need to confirm the strength of the move.
🎯 Key levels:
* 🟢 Support: $1,39–1,40
* 🟡 Resistance: $1,43–1,45
* 🔴 Stronger resistance: $1,48
📈 Bullish scenario: holding above $1,43–1,45 could open the way to a test of $1,48.
📉 Bearish scenario: losing the $1,39–1,40 zone could send the price back to $1,35, and if selling intensifies, to the previous low of $1,3189.
Conclusion: for now, this is a bounce after a decline, not a confirmed trend reversal. We’re watching trading volumes and the price reaction at resistance.
#xrp #Ripple #CryptoAnalysis #BinanceSquare #TechnicalAnalysis
On the 4H XRP/USDT chart, we’re seeing an attempt to recover after a sharp decline to $1,3189. The price is now around $1,4140.
🔹 What we see on the chart:
* The price has moved back above MA(7) and MA(25) — the short-term recovery looks positive.
* MA(99) at $1,4795 remains an important resistance level.
* Trading volumes have declined after the strong downward impulse — buyers need to confirm the strength of the move.
🎯 Key levels:
* 🟢 Support: $1,39–1,40
* 🟡 Resistance: $1,43–1,45
* 🔴 Stronger resistance: $1,48
📈 Bullish scenario: holding above $1,43–1,45 could open the way to a test of $1,48.
📉 Bearish scenario: losing the $1,39–1,40 zone could send the price back to $1,35, and if selling intensifies, to the previous low of $1,3189.
Conclusion: for now, this is a bounce after a decline, not a confirmed trend reversal. We’re watching trading volumes and the price reaction at resistance.
#xrp #Ripple #CryptoAnalysis #BinanceSquare #TechnicalAnalysis