XRP/USDT 4H

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XRP/USDT 4HXRP / TetherUSBINANCE:XRPUSDTcryptodailyukπŸ“Š 1. Trend and moving averages Red line (SMA 10) – short-term, currently rising, which suggests upward momentum. Green line (SMA 20) – also in the upward trend and below the price – dynamic support. Blue line (SMA 50/200) – probably SMA 50 or 200 – the price has broken through it from below and is currently above it – this is a pro-growth signal. πŸ“Œ Conclusion: In the short and medium term, a reversal of the trend to growth is visible. πŸ“ˆ 2. MACD (Moving Average Convergence Divergence) The MACD line has crossed the signal line from below, which is a buy signal. The MACD histogram is rising and is above zero – further confirmation of the upward trend. πŸ“Œ Conclusion: The upward momentum is increasing. πŸ’ͺ 3. RSI (Relative Strength Index) RSI is currently at ~62, which means that: We are still ahead of the overbought zone (70). RSI is rising – it suggests bullish buyer pressure. πŸ“Œ Conclusion: There is still room for further growth before the market is overbought. πŸ” 4. Market structure and resistance/support The price is in the 2.30–2.35 USDT zone, which previously acted as resistance. The closest resistance is around 2.38–2.40 USDT – the level from May, where the decline occurred. The closest support is around 2.20 USDT (in line with the green SMA) and stronger at 2.05–2.10 USDT (earlier consolidations). πŸ“Œ Conclusion: Breaking 2.40 opens the way to a test of 2.50 and above. 🧠 Technical Summary Aspect Rating Trend (SMA) βœ… Up MACD βœ… Buy RSI ⚠️ Near overbought Resistance/Support ⚠️ Resistance at 2.38–2.40 Movement Potential βœ… To 2.50 or higher πŸ“Œ Potential scenarios: βœ… Bullish (uptrend scenario) A hold above 2.30 and a breakout of 2.40 could give an impulse for further gains towards 2.50–2.60. Strong confirmation would be an increase in volume. ⚠️ Bearish (correction scenario) A rejection from 2.38 and a drop below 2.20 could initiate a retest of support at 2.05 or even 1.95.