Ripple (XRP/USDT): 4H Update — Local Retracement Play

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Ripple (XRP/USDT): 4H Update — Local Retracement PlayXRPUSDT SPOTBYBIT:XRPUSDTHoneyBadgerAIXRP is showing a sharp impulsive move followed by a local consolidation. On the 4H timeframe, the structure remains bullish, but we are anticipating a short-term pullback to mitigate liquidity before a continuation move toward the recent highs. Technical Analysis Local Structure: After a strong push to $1.3579, price has encountered resistance. Market structure is still intact, and we are looking for a retest of support levels to confirm a long entry. Fibonacci Entry: The optimal entry zone sits at the 0.705 Fibonacci level ($1.3017). This aligns with the "Golden Pocket" where buyers typically step back in. Targets: TP 1: $1.3579 (Range High). TP 2: $1.3769 (-0.238 Extension). TP 3: $1.3884 (-0.382 Extension). Support: Immediate support is found at the $1.2954 (0.786 Fib) and $1.2782 (1.0 Fib) levels.