$XRP /USDT on the 4-hour timeframe
Resistance Levels
1. Primary Resistance (Yellow Line at the Top): Around $0.5450.
2. Secondary Resistance (Purple Lines):
- Upper range: Approximately $0.5350.
- Lower range: Approximately $0.5300.
Support Levels
1. Primary Support (Yellow Line at the Bottom)**: Around $0.5100.
2. Secondary Support (Purple Lines):
- Upper range: Approximately $0.5220.
- Lower range: Approximately $0.5150.
Breakout Scenarios
1. Bullish Breakout:
- Above $0.5350: A breakout above the secondary resistance at $0.5350 could lead to a test of the primary resistance at $0.5450. If the price breaks above $0.5450 with strong volume, it could signal a further bullish move.
- Above $0.5450: Sustained trading above this level may indicate a continuation of the uptrend, potentially targeting higher resistance levels around $0.5600 and beyond.
2.Bearish Breakout:
- Below $0.5150: A break below the secondary support at $0.5150 could lead to a test of the primary support at $0.5100. If the price breaks below $0.5100 with strong volume, it could signal a further bearish move.
- Below $0.5100: Sustained trading below this level may indicate a continuation of the downtrend, potentially targeting lower support levels around $0.4900.
next significant move, with breakouts above $0.5350 or below $0.5150 being key indicators of direction.
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