XRP Short-Term Price Movements Uncertain, 4-Hour Chart Indicates Bullish Trend

XRP's price action on lower timeframes is characterized by uncertainty and erratic fluctuations, lacking a clear direction. However, the 4-hour chart indicates a bullish formation, suggesting potential underlying momentum.

The Bigger Picture For XRP

A decisive move toward the bullish order block between 2.3907 and 2.3277 may signal early signs of structural breakdown if bearish momentum prevails.
This price zone historically serves as significant demand, where buyers typically defend support.
If sellers dominate this region, it could invalidate the current bullish setup.
Despite technical vulnerabilities, overall market sentiment remains bullish, with Bitcoin’s dominance strong and altcoin performance sustaining a bullish structure.
Current weakness may be a temporary shakeout rather than a deeper reversal.

Trade Setup: Waiting for Confirmation at Key Levels

Griffiths suggests monitoring the 4-hour bullish order block between 2.3907 and 2.3277 for potential buying opportunities.
A test of this zone with weak bearish momentum may present favorable entry conditions.
Traders should look for signs of exhaustion from selling pressure, such as decreasing sell volume or bullish candlestick formations.
A stop-loss just below the lower boundary (2.3277) may provide a favorable risk-reward ratio if the trend resumes upward.