XRP/USDT (4H) — A look at the current situation
2024-12-12
Category: None

Hello, friends! 👋 Let’s analyze what’s happening with XRP on the 4-hour timeframe and what prospects lie ahead.

 📈 Current Trend 

Currently, XRP/USDT is showing signs of local growth after a pullback. We observe:
The price is breaking through local resistance around $2.40, consolidating slightly above.

Key zones:
• Strong support: $2.35 (green zone). The price tested this area and rebounded upward.
• Weak resistance: $2.46–$2.48. Breaking through this zone could pave the way to $2.60.

 🔍 Signals from Indicators 
	1.	Midas Multi Indicator shows confident Buy signals in the $2.35–$2.40 area. 💡
	2.	MACD (Midas Down) indicates a growing bullish momentum: lines have crossed upward, signaling buyer strength.
	3.	Volumes: Increased activity is observed — confirmation of buyer interest.

 📊 Price Movement Forecast
 
• Probability of growth: 70%. If the price consolidates above $2.46, we may see a test of $2.60.
• Probability of decline: 30%. In case of a pullback, the key support level is at $2.35.

 Justification : A reversal pattern is visible on the chart, and buyers are actively defending key levels.

 💡 What am I doing? 

• Waiting for consolidation above $2.46 to confirm the upward momentum.
• Considering entry points after a resistance breakout or on a support retest.

 ⚠️ Attention! Monitor the overall dynamics of the crypto market. Any unexpected news could affect XRP’s movement.
 
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❓ Frequently Asked:
Which indicator do I trade on? It’s Midas Multi Indicator. Want to try it for free? Follow the link in my profile signature! 😉