XRP 4H Technical Analysis
XRP continues to trade within a rising channel on the 4-hour chart and is now approaching the key resistance zone between $2.41–$2.44. The price is currently hovering around $2.3967, nearing a critical confluence area that includes both the midline of the channel and horizontal resistance.
The recent bounce from $2.3486 shows that buyers remain active in the short term. This level also aligns with horizontal support and is close to the lower boundary of the channel. For now, this structure remains intact, with XRP moving steadily higher within the channel.
Key Support Levels:
- $2.3486: Immediate support, both horizontal and trend-based
- $2.2817–$2.2583: Strong support band aligned with the lower edge of the channel
- $2.1875: Final short-term support before the trend structure weakens
Key Resistance Levels:
- $2.4176–$2.4426: Immediate and strong resistance zone
- $2.5217: Upper boundary of the ascending channel and medium-term target
The uptrend remains healthy, as higher lows continue to form. If $2.42 is broken with momentum, a strong push toward the upper boundary near $2.52 may follow.
In the bearish scenario, if the price drops below $2.28, it could signal a weakening structure and potential profit-taking. Both the trendline support and volume behavior will be critical indicators here.
Conclusion: XRP is currently holding within a bullish ascending channel and approaching a key resistance at $2.42. If this level is broken, the next upside target is $2.52. However, a failure to break above may lead to a pullback toward $2.28–$2.25. Traders using channel-based strategies should closely monitor price action in this region.
Disclaimer: This analysis does not constitute investment advice. It focuses on support and resistance levels that may present potential short- to mid-term trading opportunities depending on market conditions. However, all responsibility for trading decisions and risk management lies entirely with the user. The use of stop-loss orders is strongly recommended for any trade setup shared.
