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

🔎 Chart & Indicator Analysis

Price Action / Moving Averages (MA):

Current price: $2.9816, slightly below the 100MA ($2.9780) and very close to it (acting as near-term support).

200MA ($2.9461) and 150MA ($2.9420) are close together, forming a strong support cluster around $2.94–$2.95.

50MA ($3.05) is above price, which means short-term trend is bearish.

Last high was $3.1396, followed by lower highs and lower lows → bearish structure.

Stoch RSI:

Current value: 9.25 (very oversold).

Suggests potential for a short-term bounce/reversal.

RSI:

RSI(6): 29.65 → oversold.

RSI(14): 39.54 → bearish but nearing oversold.

Momentum shows weakness but also near bounce levels.

MACD:

Both DIF (-0.0139) and DEA (-0.0040) are below zero, histogram negative.

Still bearish momentum, but the histogram bars are shrinking → bearish momentum may be slowing.

Volume:

Selling volume has been decreasing after the sharp drop from $3.13.

Suggests sellers are losing strength.

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📊 Prediction (Next 4–12 Hours Outlook)

Bullish Case (Bounce Scenario):

If $2.95 (MA cluster support) holds, XRP could bounce back toward $3.02–$3.05 (50MA resistance). Break above $3.05 could retest $3.10–$3.13.

Bearish Case (Breakdown):

If price breaks and closes below $2.94, expect further downside toward $2.90 or even $2.85 in extension.

Most Likely (based on indicators):

Short-term oversold bounce toward $3.00–$3.05, but mid-trend still bearish unless XRP reclaims $3.05 with volume.

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✅ Summary:

XRP looks short-term oversold (StochRSI & RSI), so a bounce is likely from $2.95 support. However, the overall structure remains bearish below $3.05–$3.10. Bulls need a strong reclaim above $3.05 to flip momentum.