The XRP chart on the 4-hour timeframe shows a sharp recovery after a recent dip toward $1.70. Price currently trades around $1.93 with bullish momentum building. Lower timeframes like 1H, 30M, and 15M confirm a short-term upward structure, but some technical signs suggest a cautious approach. The focus now is whether XRP can reclaim the $2.00–$2.04 resistance or if it will face rejection and resume downward movement.
Patterns Suggesting a Reversal
- Bullish Engulfing (15M & 30M): A strong bullish engulfing candle appeared on the 15-minute chart, confirming short-term buying pressure.
- Double Bottom (1H): On the 1-hour timeframe, a double bottom pattern has formed near $1.70, signaling the potential for a trend reversal.
- Falling Wedge Breakout (1H): The falling wedge breakout pattern confirms bullish reversal sentiment, and XRP has already begun climbing toward critical resistance levels.
Indicators Back the Short-Term Bullish Bias
- MACD: On both 4H and 1H timeframes, MACD lines are bullishly crossed with the histogram moving into positive territory, signaling rising momentum.
- Bollinger Bands: XRP rebounded off the lower Bollinger Band and is now hovering around the midline ($1.97). A breakout above could initiate a move toward the upper band at $2.24.
- Volume: Volume surged during the initial recovery, showing strong buyer interest and increasing the odds of continuation to the upside.
Price Prediction, Timeline, and Caution
- Next 12-Hour Forecast:
If XRP maintains its current structure and breaks the $1.97–$2.00 resistance level, it could reach $2.10 to $2.24 within the next 12 hours. This range aligns with the upper Bollinger Band and recent price congestion zones. Conversely, failure to clear $2.00 could lead to a retest of $1.85 to $1.80.
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- Caution:
Despite bullish signs, the broader market remains volatile. Any break below $1.85 may invalidate the current bullish setup. Traders should use stop losses and wait for volume confirmation on breakouts to avoid bull traps.
Momentum Building, But Key Test Ahead
XRP is showing early signs of a potential trend reversal supported by bullish patterns and technical indicators. However, reclaiming and holding above $2.00 remains crucial for short-term continuation. Over the next 12 hours, a push toward $2.10–$2.24 is likely if buyers sustain pressure.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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