The 4-hour chart of XRP/USDT shows that the price has just experienced a strong and vertical bullish rally, but is in a correction/consolidation phase or a potential short-term reversal.
Bullish Scenario: If the price manages to stay above the EMA(12) ($2.1660) and the MACD reverses its crossover, it could attempt a new assault on the resistance of $2.2868.
Bearish Scenario: If the price breaks and consolidates below the EMA(12), it is likely to head towards testing support in the $2.00 USD zone.
