$XRP
🚨XRP/USD Key Technicals Now in Focus🚨
On the technical front, XRP price prediction seems bearish as the 4-hour chart shows XRP trapped below a descending trendline and the 50-period SMA, which is at $3.08. These levels are now acting as resistance after the breakdown from $2.93.
Multiple bearish candles, including an engulfing pattern
RSI dipped into oversold (35.68) and bounced back to 40.16 (still below 50)
Price is testing the $2.93-$2.94 zone, which was former support turned resistance
Unless XRP breaks above this zone with conviction, the bias is bearish. Watch for candlestick signals like a shooting star or bearish engulfing near resistance.