Ripple’s XRP is currently experiencing persistent weakness as broader market sell-offs take their toll. Although there have been multiple attempts at recovery, XRP remains under pressure against both the USDT and BTC, failing to breach significant resistance levels.

Technical Analysis of XRP Prices

The USDT Pair

XRP has decisively fallen from a descending channel and is trading below the pivotal $2 support level, which has now reverted to a resistance zone. This sudden drop points toward a price level near the next major demand area at $1.75. The RSI is approaching oversold territory, now at around 30, potentially indicating a short-term rebound could be imminent. However, the overall market structure remains bearish unless XRP can reclaim the $2 threshold. Continued selling could lead to a downturn to around $1.50.

XRPUSDT Chart

The BTC Pair

In relation to Bitcoin, XRP is also showing significant weakness. It is struggling to maintain its position above the 2,200 SAT mark and has been unable to break through the resistance established by the 100-day and 200-day moving averages, both situated close to the 2,400 SAT range. The current RSI stands at 46, indicating a lack of momentum from either side. A fall below the 2,000 SAT support could lead to further declines towards the 1,700 SAT range and possibly down to the critical 1,500 SAT level.

XRPBTC Chart

Conclusion

The current analysis suggests that XRP’s price is under significant threat from continued bearish conditions. Market participants should remain vigilant as developments unfold.