XRP is still trading within a long-term bearish structure across both its BTC and USDT pairs. Although sellers have slowed their momentum in recent weeks, the price has yet to reclaim any meaningful resistance. This has left the broader trend tilted to the downside. Meanwhile, the current consolidation appears to be taking place at a critical support area that could determine the next major move. Ripple Price Analysis: The USDT Pair Against USDT, XRP remains confined within a descending channel while trading below both the 100-day and 200-day moving averages, keeping the broader trend bearish. The 100-day MA around $1.20 serves as the first dynamic resistance, while the 200-day MA near $1.35 strengthens the overhead resistance. The price is holding just above the key $1 support zone, which has repeatedly attracted buyers over the past several weeks. However, the failure to reclaim the channel’s upper boundary or establish higher highs suggests bullish momentum remains limited. A breakdown below $1, on the other hand, could open the door for a decline toward the next major support around $0.90, or even lower. On the upside, the first resistance lies between $1.25 and $1.30, where ho...
Ripple Price Analysis: XRP Struggles Against USDT but BTC Pair Paints a Much Bleaker Picture
1 month ago
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