XRP is demonstrating renewed strength on lower time frames, with the 4-hour chart indicating a bullish structure that may lead to significant price movement.
Bullish Closes Above $3
XRP has printed several bullish candlestick closes above the $3.00 mark, a major psychological and technical milestone. This level's sustained holding indicates buyer confidence.
Wick Behavior Shows Sellers Are Present but Weak
Analysis reveals that most upper wicks indicate selling pressure. However, the candle bodies remain above $3.00, indicating that the selling pressure is insufficient to halt the bullish trend.
Key Support Levels and Targets
The $2.96 to $2.93 range is considered a potential retest zone before the next increase. The $2.80 level is crucial for maintaining bullish structure. A close below this level could weaken the bullish trend.
The current situation on the 4-hour XRP chart paints a bullish picture, backed by consistent closes above $3.00 and clear upward targets. Key support levels remain a focal point for traders.
