XRP remains firmly in a corrective structure, with the token trading near $1.00 after months of lower highs and lower lows. While the current support zone could trigger a relief move, the broader trend remains bearish until the asset can reclaim several key resistance levels.
Ripple Price Analysis: The USDT Pair
On the XRP/USDT daily chart, the price continues to trade inside a descending channel and below the 100-day and 200-day moving averages shown on the chart. This keeps the broader market structure tilted to the downside.
XRP is currently testing the $1.00 support zone, which has acted as a local floor during the recent consolidation. Holding this area could give buyers an opportunity to build a base and initiate a recovery toward the first major resistance at $1.25-$1.30. This zone is particularly important as it aligns with the critical 200-day moving average, which is currently declining around the same area.
A breakout above the descending channel and the $1.30 supply zone would improve the technical picture and could open the door toward the $1.50-$1.60 resistance area. However, as long as XRP remains below the $1.25-$1.30 area, the prevailing downtrend remains intact.
If the $1.00 support fails, the next major downside area appears around $0.90. A sustained move below that zone would signal another significant structural breakdown that could push the price even deeper and toward the lower boundary of the large channel.
The BTC Pair
The XRP/BTC pair paints a similarly weak picture. The pair has broken below the 1,700 sats support level and continues to trade within a broader descending structure.
XRP/BTC is now approaching the 1,500 sats support zone. Holding this area could allow for a recovery back toward 1,700 sats, which has now become the first key resistance. Until that level is reclaimed, XRP appears likely to remain relatively weak against Bitcoin.
Overall, XRP is in a critical technical area on both charts. The 1,500 sat demand zone is the crucial level for buyers to defend on the BTC pair. A sustained defense of this area could also fuel a rebound against USDT, but the broader bearish structure remains in place unless XRP begins reclaiming the overhead resistance levels.
The post Ripple Price Analysis: XRP Structure Remains Weak as $1 Support Comes Under Pressure Again appeared first on CryptoPotato.
