XRP/USDT

The last candle shows a good rebound from a strong support area 1.97 – 1.98 with the beginning of a bullish reversal, but the price faces short-term resistances that must be overcome before confirming the rise.

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📌 Technical Analysis

1. General Trend (Trend)

The general trend on 4H is still downward in the short term due to the break of the 25 and 99 moving averages.

However, the last two candles show a bullish rebound + a potential higher low → beginning of a reversal.

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📌 2. Support and Resistance Areas

Strong Support:

1.97 – 1.98

An area from which the price clearly rebounded.

Upcoming Resistances (Targets):

These are the 3 most important nearby levels:

🎯 First Target:

2.05 – 2.06

↳ MA25 Area + small peak…

This is the first area that could lead to a slight rebound.

🎯 Second Target:

2.10 – 2.11

↳ Direct contact with MA99 (the purple line).

If broken → this confirms a strong rise.

🎯 Third Target:

2.17 – 2.18

↳ The highest peak reached by the candles in the previous wave.

This is an excellent profit-taking area.

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📌 3. Indicators

RSI:

47 → In the neutral zone, leaning towards the rise.

StochRSI:

Bullish from the oversold area → Positive.

MACD:

Close to a positive crossover → gives an early signal for the bullish reversal.

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📌 Summary

The price is now at the beginning of a potential rebound wave, as long as it stays above 1.98 it will continue to rise.

✔ The closest 3 targets:

1️⃣ 2.05 – 2.06

2️⃣ 2.10 – 2.11

3️⃣ 2.17 – 2.18