With rising anticipation, XRP stands at $2.16. Let's explore the key levels and trends shaping its movement.
4-Hour Chart: The Calm Before the Storm
The 4-hour chart showcases a classic bullish pennant formation. XRP is gaining strength despite momentary dips. Support remains at $2.00, with key resistance at $2.65. A breakout above $2.65 could drive XRP toward the $3.00 mark, while failing to maintain $2.00 might lead to retesting lower support levels.
1-Hour Chart: Gearing Up for a Big Swing
On the 1-hour chart, XRP forms a symmetrical triangle, suggesting major shifts. With consolidation near $2.28, resistance is locked at $2.55. Indicators like the RSI at 53.42 indicate a state of equilibrium. A break above resistance would signal bullish control, while a drop below $2.05 could disrupt momentum.
15-Minute Chart: Micro-Trends and Rally Potential
For short-term traders, the 15-minute chart provides crucial insights. XRP is within a bullish flag pattern, often signaling a price surge. Support is at $2.05, short-term resistance at $2.35. A move above $2.35 could pave the way toward $2.70, while failing to hold $2.05 may lead to a decline toward $1.85.
With technical indicators pointing to potential significant moves, the upcoming sessions will be crucial in determining XRP's direction.
