XRP Stabilizes at $3.24: Bulls Target $3.65 After Consolidation!

XRP/USDT 4H Chart Analysis
Equilibrium established: XRP is stabilizing at $3.24 after a rally, showing signs of bullish momentum supported by consolidation around the FVG ($2.90).

Current price: $3.24.

Key levels:

• Support:
  
• FVG (Fair Value Gap): $2.90 (major order block).
  
• Resistance:
  
• Premium zone: $3.40 (key breakout target).
  
• Momentum shift: RSI at 66 reflects bullish momentum, aligning with decreasing selling pressure and market maker accumulation.
  

Trade setup:

• Entry: Current level ($3.24) or on a pullback near $3.20-$3.25.
  
• Target:
  
• T1: $3.45.
  
• T2: $3.65.
  
• Stop loss: Below $2.85 to minimize risk.
  
• Risk-to-reward: Favorable setup, especially if the price holds above $3.20 support.
  
• Confidence level: 8/10 for bullish continuation.
  

Considerations:

• Support test: Ensure the price holds above $3.20 to validate bullish continuation.
  
• Momentum confirmation: Monitor RSI and volume for sustained upward pressure.
  
• Resistance reaction: Be cautious near $3.40; strong resistance could trigger a temporary pullback before continuation.
  

This setup suggests a potential upside to $3.45-$3.65, provided support levels hold. Tight risk management is essential in this consolidation phase.