$XRP (XRP.CC)$ Technical Analysis Time. DONT SHOOT ME😂.. Pr...

DONT SHOOT ME😂..

Price 1: 2.1000 - 2 to 4 hours - 78% confidence
Price 2: 2.1500 - 6 to 8 hours - 74% confidence

Indicators:

EMA (7, 25, 99): EMA(7) remains below EMA(25), indicating a bearish short-term momentum. EMA(99) is still trending down, suggesting continued downward pressure - Weak

MACD: Negative divergence persists, with MACD line below the signal line, confirming bearish momentum - Weak

RSI: RSI at 40.5 suggests the price is oversold but not yet in recovery territory, leaving room for consolidation - Moderate

Volume: High recent volume indicates active market participation, potentially signaling the end of selling pressure - Moderate

Candlestick: Hammer pattern visible, suggesting potential for short-term reversal or support at current levels - Moderate

Bollinger Bands: Price near the lower band, signaling oversold conditions and potential for a bounce - Moderate

Chart Formation: A descending wedge is forming, suggesting a possible breakout to the upside if confirmed by volume - Strong