XRP/USDT 4-Hour Analysis
2024-12-11
Category: None

XRP/USDT 4-Hour Analysis

On the 4-hour time frame, XRP/USDT is forming a small bullish pennant pattern. Using the height of the previous leg as a projection, the first target is in the green zone 1.

To change the current structure of lower lows (LL) and lower highs (LH), the price needs to form a new higher high (HH). This also requires breaking through the pink resistance zone, which is a critical level to watch.

Targets:

First target (green zone 1): $2.87
Second target (green zone 2): $3.35
It’s essential to monitor the breakout of the resistance zone and confirm bullish momentum to reach these levels.