Ripple Price Analysis: Bears Take Control and Look at $2 for XRP

After weeks of steady decline following the summer rally, XRP is now trying to recover from significant technical damage to both the USDT and BTC pairs.

While the macro structure still shows some bullish characteristics, the recent downturns highlight the increasing uncertainty, with buyers now needing to reclaim key levels to regain control.

Technical analysis

By Shayan

The USDT pair

XRP is about to break below the rising channel it respected for most of the year. The price fell sharply towards $2.00 before showing signs of recovery and is now trading around $2.46. The 100 and 200 day moving averages (blue and orange) have now also turned into resistance elements above the price, around $2.90 and $2.60 respectively.

The altcoin needs to regain these moving averages quickly to avoid further bearish continuation. If the current recovery fails and the price reverses again, the $2.00 level could be retested, making a deeper decline towards the $1.00 – $1.30 demand zone more likely.

The BTC pair

XRPBTC has also undergone a breakdown among the major moving averages and structure. The price fell sharply below 2,400 SAT and is currently trading around 2,280 SAT, testing the lower support zone around 2,000 SAT. The RSI is also around 40, reflecting bearish momentum.

This move marks a significant shift in momentum, as XRP has now lost both the 100-day and 200-day moving averages. If the 2,000 SAT area does not hold, the next support rests near the 1,500 SAT order block, followed by the 1,150 demand zone. On the upside, any recovery attempt would first need to regain the 2,400 SAT level and close above the moving averages to gain signal strength.

Overall, XRP is at a crucial juncture on both charts. The coming days will determine whether this is a short-term shakeout or the start of a deeper corrective phase.