XRP Price Technical Research
By Shayan
The USDT pair
XRPUSDT has decisively broken away from the descending channel structure and is now trading below the key support level at $2, which has now turned into a resistance zone. The recent move has been sharp, with the price falling towards the next major demand area around $1.75.
The RSI is also approaching oversold levels, currently around 30, which could indicate a near-term recovery. However, without regaining the $2 level, the structure remains bearish. If selling pressure continues, the next downside target is around $1.50.
The BTC pair
Compared to Bitcoin, XRP also shows relative weakness. Price has struggled to hold above the 2,200 SAT mark and has failed to break the confluence of the 100- and 200-day moving averages, both of which act as dynamic resistance near the 2,400 SAT zone, which in itself poses a major barrier to upside continuation.
The RSI on this pair is neutral around 46, indicating that the market still lacks momentum in either direction. A breakdown below the 2,000 SAT support level could trigger a further decline towards the 1,700 SAT zone and even deeper towards the critical 1,500 SAT area.
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