XRP has been struggling to maintain its position, facing challenges as it dips lower in both USDT and BTC markets. Despite past efforts to regain a stronger footing, the selling pressure is mounting.
Technical Insights
By Shayan
Analyzing the USDT Pair
XRP is on the brink of breaching its descent channel’s support line, testing critical demand near the $2.20 mark. The asset consistently faces rejection from the 100-day and 200-day moving averages, which lie above current prices, resulting in a pattern of lower highs and lows.
The RSI reading stands at 36, signaling weak momentum, indicating potential for additional downtrend before the asset hits oversold levels. Should this demand area falter, significant support may not appear until around the $1.20 range, necessitating timely buyer intervention.
XRP USDT Pattern
Observing the BTC Pair
Currently, XRP is slightly above the 2100 sats threshold, but the structure suggests a rounded top formation. After failing to reclaim the 2400-2500 sats resistance zone—coupled with losses in both the 100-day and 200-day moving averages—the pair is risking a larger breakdown.
If the 2000 sats support fails to hold, a swift drop to around 1200 sats is likely. The momentum is weak, as indicated by the RSI value of 39—and trending down—suggesting increasing vulnerability against Bitcoin.
As it stands, the forecast for XRP against both USDT and BTC leans bearish unless renewed buying interest manifests, pushing the price above the critical moving averages.
XRP BTC Pattern
Note: Information provided is not investment advice. Please conduct thorough research before making investment decisions.
