Technical analysis by VctMid about Symbol XRP: Buy recommendation (12/11/2024)

Hello, friends! 👋 Let’s analyze what’s happening with XRP on the 4-hour timeframe and what prospects lie ahead.📈 Current TrendCurrently, XRP/USDT is showing signs of local growth after a pullback. We observe:The price is breaking through local resistance around $2.40, consolidating slightly above.Key zones:• Strong support: $2.35 (green zone). The price tested this area and rebounded upward.• Weak resistance: $2.46–$2.48. Breaking through this zone could pave the way to $2.60.🔍 Signals from Indicators1.Midas Multi Indicator shows confident Buy signals in the $2.35–$2.40 area. 💡2.MACD (Midas Down) indicates a growing bullish momentum: lines have crossed upward, signaling buyer strength.3.Volumes: Increased activity is observed — confirmation of buyer interest.📊 Price Movement Forecast• Probability of growth: 70%. If the price consolidates above $2.46, we may see a test of $2.60.• Probability of decline: 30%. In case of a pullback, the key support level is at $2.35.Justification: A reversal pattern is visible on the chart, and buyers are actively defending key levels.💡 What am I doing?• Waiting for consolidation above $2.46 to confirm the upward momentum.• Considering entry points after a resistance breakout or on a support retest.⚠️ Attention! Monitor the overall dynamics of the crypto market. Any unexpected news could affect XRP’s movement.Did you enjoy the analysis? Support with a like and drop a rocket 🚀!Follow to not miss the next updates 🔔❓ Frequently Asked:Which indicator do I trade on? It’s Midas Multi Indicator. Want to try it for free? Follow the link in my profile signature! 😉