XRP/USDT 4H Review Chart

Hello everyone, let's take a look at the XRP to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local downtrend line.

After unfolding the trend based fib extension grid, we see that first we have a support zone from $0.49 to $0.48, and then we have a second zone from $0.46 to $0.44.

Looking the other way, we can see that the price has broken out of strong resistance and is struggling to maintain its position, while we still have resistance at $0.53, and then strong resistance at $0.58.

Looking at the CHOP indicator, we see that there is still energy to continue the movement, while the RSI shows a visible increase, but there is some room for the price to go slightly higher.


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