Hi there XRP friends. Welcome to another analysis in 4 Hours time frame (4H). We are discussing the critical points between $0.30 and $0.36 for about 3 weeks and with our last analysis on the weekly chart, we defined a level of ~0.36 weekly close as a must to continue the uptrend.
4 Hour Time Frame
I believe XRP to test $0.3764 shortly. This is another important level to surpass.
If XRP can break here, next week, we will be able to see the successor move on this preliminary foundation. If you check the green Ichimoku Cloud, XRP is currently above it and it is important to stay above both the cloud and the white zig-zag.
RSI in 4H is about to break the resistance. We can see here broken above $0.3764.
RSI is above 50% and bullish at the moment with the higher lows as a supporting uptrend.
What about the Wave Trend
4H wave trend (WT) indicates a green signal however, in a very short time this can be tricky. However, both Daily and Weekly WTs are bullish whereas as explained above, hourly we can see fluctuations however, daily and weekly will continue with the growth in price with the current indications.
As discussed earlier, a weekly close above $0.35853 will be great with the current setup. Lets wait and see what is going to happen.
As always, Important Note: None of the targets represented here is financial advice. Do your research in due diligence and take responsibility for your decisions & actions when buying or selling an instrument.