XRP Price Prediction for the Next 8 Hours: Key Levels and Breakout Signals

XRP stands at $2.12, reflecting a 3.2% drop from the previous close. With the crypto market in constant flux, XRP’s behavior across different timeframes presents a compelling mix of caution and opportunity, setting the stage for its next decisive move.

Daily Chart: Testing Critical Support

On the daily chart, XRP has slid nearly 7%, dipping beneath the crucial 100-day Exponential Moving Average (EMA). This signals sustained bearish pressure, with key support resting at $2.00 and $1.90. A breach below these levels could deepen losses while reclaiming $2.20 might indicate the first signs of a potential reversal.

Weekly Chart: Bulls Defending Fibonacci Zones

Zooming out to the weekly perspective, XRP remains resilient around key Fibonacci retracement levels—0.5 ($2.00) and 0.618 ($1.90). These areas have acted as strong accumulation zones, reinforcing the potential for a bullish resurgence. Should XRP hold above these levels, a fresh attempt at breaching the $3.00 resistance could be on the horizon. However, if bears take control, a dip below $1.90 may accelerate selling pressure.

4-Hour Chart: Tension Within a Bullish Formation

The 4-hour chart offers a more dynamic setup, featuring a developing bullish pennant pattern—a classic sign of an impending breakout. If XRP successfully clears its resistance zone, the token could target an upswing toward $4.20. Conversely, a failed breakout attempt might see it retreat to test lower support levels.

Candlestick Patterns: A Battle of Signals

Market sentiment remains divided as recent candlestick formations paint a mixed picture. The presence of a Falling Three Methods pattern on the 4-hour chart suggests a continuation of bearish momentum, while the emergence of a Three Inside Up pattern on the 30-minute timeframe hints at a potential reversal. This divergence highlights the need for confirmation before making trading decisions.

Price Prediction for the Next 8 Hours

Over the next eight hours, XRP is likely to fluctuate between $2.05 and $2.18. A push past $2.20 could ignite short-term bullish momentum, while a drop below $2.05 may pave the way for further downside pressure. As market uncertainty lingers, traders should remain alert and reactive to incoming price movements.

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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