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Summary
• Price broke out from a 5-minute bearish flag with bullish engulfing patterns at 02:45–03:15 ET.
• Momentum accelerated with RSI hitting 68, while volume surged 240% after 04:00 ET.
• Bollinger Bands expanded, showing increased volatility as price traded above the 20-period MA.
• A key support level at $2.030–2.032 held, with a 61.8% Fib retracement at $2.0425 acting as resistance.
• Turnover diverged from price in the final 2 hours, hinting at possible profit-taking pressure.
XRP/Tether (XRPUSDT) opened at $2.0355 on December 6, 12:00 ET, and reached a high of $2.0738 before closing at $2.0338 on December 7, 12:00 ET. The 24-hour volume was approximately 12.3 million
, with a notional turnover of ~$24.9 million.Structure & Formations
Price consolidated in a bearish flag between 19:00 and 02:45 ET before a decisive bullish breakout occurred around 03:00–03:30 ET. A series of bullish engulfing patterns confirmed the reversal, while a key support at $2.030–2.032 held firm during a pullback in the early morning.

Moving Averages and Volatility
The price remained above the 20-period 5-minute moving average for most of the session, signaling short-term strength. Bollinger Bands expanded significantly during the breakout phase, reflecting heightened volatility. The 50-period MA on the daily chart is approaching a critical crossover with the 200-period MA, suggesting potential long-term bullish momentum if the trend continues.
Momentum and Divergences
RSI surged to 68 near the peak at 03:00 ET, indicating strong short-term buying pressure. However, after 14:00 ET, price continued to rise while RSI flattened, signaling early signs of divergence and potential profit-taking. MACD remained in bullish territory throughout the session, though the histogram showed a peak around 03:15 ET followed by a gradual contraction, indicating waning momentum.
Volume and Turnover Dynamics
Volume spiked dramatically during the 03:00–04:00 ET window, with turnover increasing by over 240% compared to the prior 5 hours. The largest single candle, at 03:15 ET, accounted for 12.1 million XRP traded. However, in the final 2 hours of the session, price moved higher on relatively lower volume, pointing to possible exhaustion or profit-taking.
XRPUSDT appears to have broken out of a defined consolidation phase with strong short-term momentum. However, the divergence in the final hours and the proximity of the 61.8% Fibonacci level suggest caution ahead. Investors may want to monitor the 2.030–2.032 support zone for signs of a potential reversal or consolidation in the next 24 hours.
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