As Bitcoin hovers near its recent peak and Ethereum prepares for a potentially bullish move, XRP paints a contrasting picture. Currently priced around $1.44, this altcoin has largely missed out on the overall market recovery.

This discrepancy highlights a crucial issue during this corrective phase, indicating that it may take a while to reconcile.

XRP Price Review: The USDT Pair

The current USDT chart reveals a notable situation where the moving averages are sliding down toward the current price level. The 100-day Moving Average (MA) is positioned around $1.50, while the 200-day MA lingers near $1.90.

Both moving averages are on a downward slope, creating a restricted ceiling that may be difficult to surpass if XRP remains within its current range.

XRP has been fluctuating between $1.20 and $1.60 since February, showing no clear trend direction, with the Relative Strength Index (RSI) trapped in a similar uneventful mid-range territory.

The $1.80 supply zone above the 100-day MA represents the critical point that could alter perceptions around XRP, but reaching this threshold necessitates overcoming the MA and the top edge of the trading channel. Below this, the $1.20 demand zone stands as the only barrier against a psychological decline toward $1.00.

Ripple USDT Analysis Source: TradingView

The BTC Pair

The XRP/BTC chart illustrates an alarming trend. While Bitcoin has broken out of its declining channel and regained its 100-day MA, XRP/BTC remains around 1,880 sats, close to the lowest points during this correction; both the 100-day MA (~2,050 sats) and 200-day MA (~2,150 sats) are still above and continuing to decline.

The RSI has rebounded from the severely oversold conditions seen in early April and is now inching back to the 40s, which might indicate a minor bounce on this pair. Yet, the implications are vital: XRP is failing to outperform Bitcoin even as BTC breaks out and the overall market recovers.

This signifies a fundamental weakness underlying XRP rather than just a macroeconomic correlation. Until the XRP/BTC pair returns to reclaim the 2,000 sats level and begins establishing a base above it, XRP continues to be one of the weaker major assets in the cryptocurrency market, irrespective of dollar value performance.

Ripple BTC Analysis Source: TradingView