Ripple’s native asset has faced downward pressure recently, relinquishing many gains achieved in the third quarter. While Bitcoin’s market share continues to rise, altcoins like XRP struggle to maintain essential support levels. Nevertheless, some structural patterns persist in the charts for the time being.

Technical Analysis

The USDT Pair

On the USDT chart, XRP has retracted from the top of its ascending channel and is now approaching the lower trendline. Currently, XRP is just beneath the 100-day and 200-day moving averages, with the latter posing as immediate resistance at approximately $2.60.

Should the price drop below the channel’s lower edge, the $2 demand zone might come into play. The RSI flirts with the 40 mark, indicating bearish momentum but not oversold conditions, leaving potential for further decline if support fails.

XRP USDT Chart

The BTC Pair

Assessing the BTC pair reveals a weaker situation. XRP has fallen below a crucial support level around 2,500 SAT and is having difficulties regaining the 200-day MA. Following a sharp drop to the 2,000 region, the price has found temporary stability but remains under significant resistance.

The RSI stays near 39, indicating a lack of relative strength compared to Bitcoin. Buyers will need to reclaim the 2,500 mark swiftly to build momentum; otherwise, XRP risks continued decline against BTC.

XRP BTC Chart

Note

This analysis is provided for informational purposes only and is not investment advice.