XRP is currently undergoing a corrective phase against both USD and BTC pairs, revealing that its recent price strength has diminished in the face of established resistance levels. The ongoing price activity raises the question of whether the rebound seen earlier in January was merely a short-covering event in a larger downtrend or the beginning of a sustained price recovery.

Price Overview: The USDT Pair

On the daily chart, XRP/USDT trades just above the significant demand zone between $1.80 and $1.90, having encountered resistance at the $2.40 supply level along with the declining 100-day and 200-day moving averages. These moving averages indicate a medium-term bearish outlook as the daily RSI retreats from overbought conditions toward neutrality, suggesting a diminishing momentum in bounce.

If the $1.80–$1.90 support level holds, there may still be potential for a recovery phase, with $2.20 and $2.40 identified as initial resistance levels to overcome for a bullish trend reversal. Conversely, a decisive close below $1.80 could pave the way toward potential support around $1.60, and if bearish pressure continues, the lower demand zone near $1.20–$1.30.

XRP USDT Chart

Analyzing the BTC Pair

When compared against Bitcoin, XRP/BTC is currently situated around the 2,100–2,200 sats mark, facing significant rejection at the resistance band of 2,400 sats. The pair struggles within a structural downtrend, as attempts to rally toward the 2,400–2,500 sats region are consistently met with selling pressure, evidenced by a lack of upward momentum.

The lower support area sits within 1,900 to 2,000 sats, indicated by recent demand observed from a downside wick. However, without reclaiming at least the 2,400–2,500 sats region along with key moving averages, XRP’s relative performance is expected to continue to trail behind BTC. A breakdown below 1,800 sats could signify a significant underperformance, potentially extending the decline toward the previous major demand area closer to 1,500 sats.

XRP BTC Chart

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