📉 $XRP Oversold But Still Bearish – Can Bulls Defend $2.68?

Here’s the latest technical outlook on $XRP after a sharp move:

📊 Technical Breakdown:

Price Action: Broke below MA50 (3.0154), MA100 (2.9926), and MA150 (2.9380). Local bounce from 2.6813 → 2.8124.

Moving Averages: MA50 < MA100 < MA150 < MA200 → Bearish alignment. Price trades below all MAs.

Volume: Strong red spike = heavy selling. Green bounce volume weak → buyers not convincing yet.

RSI (14): 21.55 → Oversold ⚠️

Stochastic RSI: 1.94 → Extremely oversold 📉

MACD: Bearish histogram widening → momentum still with sellers.

🔮 Prediction (Next 4H–24H):

Relief rally possible towards 2.86–2.90.

Rejection may send price back to 2.68 support.

If 2.68 breaks → next target 2.55–2.58.

Bullish case only if closes above 2.95–3.00 with strong green volume.

✅ Bias: Bearish trend, short-term bounce likely.

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