$XRP Here is the breakdown of the four hour chart of XRP!

🔎 Technical Analysis

Price action:

XRP recently dumped hard from ~3.13 → 2.68 with high volume.

It’s now consolidating around 2.85, showing sideways candles after the bounce.

This suggests the market is pausing to decide the next move.

Moving Averages (MAs):

Price is below the 50, 100, and 200 MAs (all ~2.93–2.99).

This indicates the overall short-term trend is bearish.

The cluster of MAs above 2.93 will act as strong resistance.

RSI (6 at 37.6, 14 at 35.4):

RSI is near oversold but starting to curl upward.

Suggests selling pressure is easing, but not yet strong bullish momentum.

Stoch RSI (65):

Stoch RSI has rebounded from oversold levels, now mid-range.

Indicates some recovery, but not yet at overbought levels → room for short-term upside.

MACD (-0.0047):

Still in bearish territory (negative histogram, below zero line).

However, histogram bars are shrinking, showing bearish momentum is weakening.

📊 Prediction (Next 4H–12H)

Bullish case: If buyers hold above 2.80, XRP could retest 2.93–3.00 (MA resistance zone). Breaking above that would flip momentum bullish.

Bearish case: If price fails to reclaim 2.93 and breaks below 2.80, it risks retesting 2.68 support.

⚖️ Summary

Current trend: Short-term consolidation after a sharp drop.

Key support: 2.80 → 2.68.

Key resistance: 2.93 → 3.00.

Bias: Slightly neutral-to-bearish until price breaks above 2.93.