๐ $XRP Oversold But Still Bearish โ Can Bulls Defend $2.68?
Hereโs the latest technical outlook on $XRP after a sharp move:
๐ Technical Breakdown:
Price Action: Broke below MA50 (3.0154), MA100 (2.9926), and MA150 (2.9380). Local bounce from 2.6813 โ 2.8124.
Moving Averages: MA50 < MA100 < MA150 < MA200 โ Bearish alignment. Price trades below all MAs.
Volume: Strong red spike = heavy selling. Green bounce volume weak โ buyers not convincing yet.
RSI (14): 21.55 โ Oversold โ ๏ธ
Stochastic RSI: 1.94 โ Extremely oversold ๐
MACD: Bearish histogram widening โ momentum still with sellers.
๐ฎ Prediction (Next 4Hโ24H):
Relief rally possible towards 2.86โ2.90.
Rejection may send price back to 2.68 support.
If 2.68 breaks โ next target 2.55โ2.58.
Bullish case only if closes above 2.95โ3.00 with strong green volume.
โ Bias: Bearish trend, short-term bounce likely.
