XRP - 4 Hour Chart: Bulls Testing Short-Term Resistance

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XRP - 4 Hour Chart: Bulls Testing Short-Term ResistanceXRP / TetherUSBINANCE:XRPUSDTDukesMarketAnalysisFormer Support Turns Resistance • This is the second of two XRP charts today. The 4-hour chart shows bulls attempting to reclaim the former $1.088 support, which is now acting as resistance. 50 EMA Adds Confluence • That resistance also aligns with the falling 50-period EMA, making this a key confluence area for the bears to defend. Reclaim Needed For A Shift • A decisive move back above $1.088 would be the first short-term change of character and improve the outlook for the bulls. Support Remains Fragile • Failure here, followed by a break below the $1.032 support, would likely see price retest the recent June low around $1.00. Momentum Remains Neutral • RSI is hovering around 50 while StochRSI is mid-range, suggesting neither side has a clear momentum advantage in the very short term. In Summary The 4-hour chart has reached a pivotal moment. Bulls are testing the former $1.088 support, now resistance, with additional confluence from the falling 50-period EMA. A reclaim would be the first sign that short-term sentiment is improving. However, failure at this level would keep the bearish structure intact and increase the likelihood of another test of the recent June lows around $1.00.