XRP/USDT 4H Chart Analysis
Key Observations:
Symmetrical Triangle Formation
The price action is forming a symmetrical triangle pattern, indicating a potential breakout.
The triangle’s apex suggests a significant move in the coming days or weeks.
Key Support & Resistance Levels
Support: Around $2.1292 - $2.1680
Resistance Zones:
Immediate resistance at $2.1777 - $2.4
Stronger supply area around $2.6 - $2.8
If the price breaks below $2.12, further downside towards $1.40 is possible.
Supply & Demand Zones
A supply zone is marked above $2.4, meaning selling pressure may increase near this level.
A strong demand zone is present near $1.40, acting as major support in case of a breakdown.
Indicators & Market Structure
BOS (Break of Structure) and ChOCH (Change of Character) indicate previous bullish and bearish shifts.
EMA Cross (50 & 200): If a golden cross (bullish crossover) happens, upside potential increases.
Rational Quadratic Kernel (RQK): Used for trend prediction, confirming whether buyers or sellers are dominant.
Liquidity & Sessions Impact
Labels for New York, London, and Hong Kong sessions suggest liquidity traps and potential reversals in those zones.
High volume areas indicate strong institutional activity.
Potential Scenarios:
Bullish Breakout:
If price breaks above $2.4, it could rally towards $2.6 - $3.0.
A breakout above $3.2 would confirm a strong uptrend.
Bearish Breakdown:
A drop below $2.12 could push XRP to $1.80, with a worst-case target of $1.40.
Conclusion:
Watch for a breakout or breakdown from the symmetrical triangle.
Monitor volume and key session impacts (New York, London).
Support Levels: $2.12 and $1.40
Resistance Levels: $2.4, $2.6, and $3.2
Key Observations:
Symmetrical Triangle Formation
The price action is forming a symmetrical triangle pattern, indicating a potential breakout.
The triangle’s apex suggests a significant move in the coming days or weeks.
Key Support & Resistance Levels
Support: Around $2.1292 - $2.1680
Resistance Zones:
Immediate resistance at $2.1777 - $2.4
Stronger supply area around $2.6 - $2.8
If the price breaks below $2.12, further downside towards $1.40 is possible.
Supply & Demand Zones
A supply zone is marked above $2.4, meaning selling pressure may increase near this level.
A strong demand zone is present near $1.40, acting as major support in case of a breakdown.
Indicators & Market Structure
BOS (Break of Structure) and ChOCH (Change of Character) indicate previous bullish and bearish shifts.
EMA Cross (50 & 200): If a golden cross (bullish crossover) happens, upside potential increases.
Rational Quadratic Kernel (RQK): Used for trend prediction, confirming whether buyers or sellers are dominant.
Liquidity & Sessions Impact
Labels for New York, London, and Hong Kong sessions suggest liquidity traps and potential reversals in those zones.
High volume areas indicate strong institutional activity.
Potential Scenarios:
Bullish Breakout:
If price breaks above $2.4, it could rally towards $2.6 - $3.0.
A breakout above $3.2 would confirm a strong uptrend.
Bearish Breakdown:
A drop below $2.12 could push XRP to $1.80, with a worst-case target of $1.40.
Conclusion:
Watch for a breakout or breakdown from the symmetrical triangle.
Monitor volume and key session impacts (New York, London).
Support Levels: $2.12 and $1.40
Resistance Levels: $2.4, $2.6, and $3.2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.