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Technical Analysis
📉 Price Action
$XRP dropped sharply from ~$3.13 → $2.68 on strong volume.
Price is now consolidating near $2.85 with sideways candles.
Market is in “decision mode” before the next move.
📊 Moving Averages (50, 100, 200 MAs)
Price remains below all key MAs (~2.93–2.99).
This creates a strong resistance zone overhead and keeps the short-term trend bearish.
📈 RSI (6 = 37.6, 14 = 35.4)
RSI is close to oversold but curling upward.
Selling pressure is easing, though bullish momentum hasn’t fully kicked in yet.
🔄 Stoch RSI (65)
Recently rebounded from oversold levels and now mid-range.
Leaves room for a short-term bounce before hitting overbought territory.
📉 MACD (-0.0047)
Still bearish (negative histogram, below zero line).
But shrinking bars show that downside momentum is losing strength.
🧭 Next 4H–12H Outlook
✅ Bullish scenario: Holding above $2.80 could allow a retest of $2.93–3.00. A breakout above this zone flips momentum bullish.
❌ Bearish scenario: Failure to reclaim $2.93 and a break below $2.80 may send $XRP
XRP back to $2.68 support.
⚖️ Summary
Current Trend: Consolidation after a sharp sell-off.
Key Support: $2.80 → $2.68
Key Resistance: $2.93 → $3.00
Bias: Neutral-to-bearish until $2.93 is broken.
