XRP Stabilizes at $3.24: Bulls Target $3.65 After Consolidation!
2025-01-17
Category: None

XRP/USDT 4H Chart Analysis 
Equilibrium established: XRP is stabilizing at $3.24 after a rally, showing signs of bullish momentum supported by consolidation around the FVG ($2.90).

Current price: $3.24.

 Key levels: 
 
 
 

 
 Support:
 FVG (Fair Value Gap): $2.90 (major order block).
 Resistance:
 Premium zone: $3.40 (key breakout target).
 Momentum shift: RSI at 66 reflects bullish momentum, aligning with decreasing selling pressure and market maker accumulation.
 
 
 Trade setup: 
 
 
 

 
 Entry: Current level ($3.24) or on a pullback near $3.20-$3.25.
 Target:
 T1: $3.45.
 T2: $3.65.
 Stop loss: Below $2.85 to minimize risk.
 Risk-to-reward: Favorable setup, especially if the price holds above $3.20 support.
 Confidence level: 8/10 for bullish continuation.
 

 Considerations: 
 
 
 

 
 Support test: Ensure the price holds above $3.20 to validate bullish continuation.
 Momentum confirmation: Monitor RSI and volume for sustained upward pressure.
 Resistance reaction: Be cautious near $3.40; strong resistance could trigger a temporary pullback before continuation.
 

This setup suggests a potential upside to $3.45-$3.65, provided support levels hold. Tight risk management is essential in this consolidation phase.