Amid a recovering crypto market, XRP continues to display relative weakness compared to Bitcoin and Ethereum, which have held key support levels and bounced modestly. Ripple’s token remains stuck in a corrective phase, raising concerns over further downside risks.
Technical Analysis
By ShayanMarkets
XRP/USDT Pair
The XRP/USDT pair recently broke down from its rising wedge pattern after failing to reclaim the critical $2.80 resistance level. This breakdown was accompanied by growing selling pressure, pushing the price closer to the next major demand zone near $2. This zone corresponds with the midline of a larger descending channel, making it a crucial support level.
Failure to move back above the 100-day and 200-day moving averages around $2.40 would keep the bearish outlook intact. Currently, XRP is consolidating just below the wedge’s lower boundary, with no clear bullish momentum emerging. The Relative Strength Index (RSI) is hovering near 40, signaling waning bullish strength. If sellers maintain control, XRP could extend its decline toward the $1.60 support area, where previous accumulation and liquidity are concentrated.
XRP/BTC Pair
On the BTC trading pair, XRP has broken below a key support zone around 2,100 SAT with weak momentum. The potential breakdown from a falling wedge pattern, combined with rejection at the 100-day and 200-day moving averages near 2,500 SAT, indicates ongoing seller dominance. The RSI remains below 40, showing persistent bearish pressure without signs of bullish divergence.
The next critical support region lies between 1,900 and 1,700 SAT, an area of a prior fair value gap that could trigger a reaction. Should XRP fail to hold this zone, it risks falling further toward 1,100 SAT, especially if Bitcoin dominance continues to strengthen.
