Here is a 100-word technical report analyzing the XRP/USDC currency on a 4-hour timeframe:
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XRP has recorded a significant decline to the level of 2.1274 on the 4-hour chart, confirming the bearish trend after breaking consecutive lows. Technical indicators show strong selling pressure, with the RSI below 25, while the Stoch RSI approaches zero, which may pave the way for a temporary technical rebound. Nevertheless, the overall momentum remains negative, and the moving averages (7, 25, and 99) are all above the price, reinforcing selling pressure. It is advisable to avoid random buying and wait for a clear reversal candle or a breakout above 2.15 to reassess. Current resistance is at 2.18, and the most important support is at 2.08.
