XRP rebounds and hits the resistance zone! Bullish momentum above 1.44 weakens, and a technical pullback may occur within the day.

As of April 24th, XRP’s current price is 1.4389 USDT. From the overall candlestick structure, XRP has experienced a sustained decline earlier and is now in a consolidation and correction phase. Although recent prices have rebounded somewhat, they are approaching the short-term resistance area. From the 4-hour and 1-hour structures, bullish momentum is weakening, and there is a short-term need for technical pullback.

This analysis mainly adopts a short-term bearish strategy, aiming to capture a 1%–2% retracement space.

1. 4-Hour Level Analysis: Rebound Enters Resistance Zone

From the 4-hour candlestick structure, XRP has gradually rebounded from a low around 1.30, and the current price has returned to the 1.43–1.45 range.

This position previously belonged to:

• Previous consolidation with dense trading zones
• Multiple areas of sharp rises followed by pullbacks

Therefore, this zone typically forms a clear short-term resistance.

Current 4-hour structural signals:

1. Rebound momentum weakening

Recently, the bullish candles have gradually shrunk in real body, with more upper shadows, indicating that bulls are starting to struggle at higher levels.

2. Price gradually moves away from short-term moving averages

After the rebound, the short-term divergence widens, and the market shows a need for a pullback to the moving averages to restore structure.

2. 1-Hour Level Analysis: Short-term Oscillation Top Structure

From the 1-hour chart, XRP has recently formed a short-term consolidation platform in the 1.42–1.45 range.

High point structures:

• 1.43
• 1.445
• 1.448

Although the price is still testing the upper space, the upward pace is clearly slowing down.

Two typical signals appear:

1. Trading volume gradually decreasing

Price is rising but volume is not significantly increasing, indicating waning momentum.

2. Candlestick fluctuation range narrowing

The market is entering a phase of short-term directional choice.

This structure often leads to:

• First a pullback → then a direction selection.

3. Today’s Market Outlook (April 24th)

Based on the combined 4-hour trend and 1-hour structure:

The more likely intraday movement for XRP is:

• Rise to test → encounter resistance above → technical pullback

Expected intraday volatility range:

• 1.40 — 1.46

Reasonable short-term correction amplitude:

• 1%–2%

Within normal technical correction scope.

4. Intraday Short-Selling Strategy

Opening Method

Market short:

• Near 1.4389

First Take Profit (+1%):

• About 1.4245

Second Take Profit (+2%):

• About 1.4101

Stop Loss (-1.5%):

• About 1.4605

📊 Strategy Summary

Short position opening:

• Market short at 1.4389

Take profit 1:

• 1.4245

Take profit 2:

• 1.4101

Stop loss:

• 1.4605