$XRP is bouncing, but the 4H chart still needs confirmation.
The chart shows price near $1.3404 after recovering from $1.2840. Buyers have reclaimed the 7-period moving average, but the 25-period MA near $1.3504 remains overhead.
Levels I’m watching:
• Resistance: $1.3500–$1.3620
• Support: $1.3340, then $1.3190
• Key downside level: $1.2840
A strong 4H close above resistance could put $1.4050 back in focus. Losing $1.3190 would increase the risk of revisiting the recent low.
My take: a promising bounce, but lighter recent volume leaves conviction missing. I’m watching for volume and a successful retest before calling this a reversal.
DYOR. Not financial advice.
#XRP #Ripple #Crypto #Altcoins #TechnicalAnalysis
The chart shows price near $1.3404 after recovering from $1.2840. Buyers have reclaimed the 7-period moving average, but the 25-period MA near $1.3504 remains overhead.
Levels I’m watching:
• Resistance: $1.3500–$1.3620
• Support: $1.3340, then $1.3190
• Key downside level: $1.2840
A strong 4H close above resistance could put $1.4050 back in focus. Losing $1.3190 would increase the risk of revisiting the recent low.
My take: a promising bounce, but lighter recent volume leaves conviction missing. I’m watching for volume and a successful retest before calling this a reversal.
DYOR. Not financial advice.
#XRP #Ripple #Crypto #Altcoins #TechnicalAnalysis