Ripple price analysis: will XRP collapse up to $ 2.10 after failed outbreak?

Ripple’s XRP has not replicated the record -breaking meetings of Bitcoin and Ethereum in recent weeks, because the price consolidates and withdraws against both USDT and BTC.

However, there is still a considerable chance for more upper until certain key levels are not lost.

XRP -Price technical analysis

By Shayanmarkets

The USDT pair

The daily period of the XRP/USDT purple shows indecision and anxiety at XRP investors, because the price has not continued than the resistance level of $ 3.40, while other competitors have been collected and new heights have created all time. But with the support level of $ 2.80 still intact, and the 100-day and 200 days of progressive averages just below this area, the bullish structure is still in the game.

In the meantime, the RSI has fallen rapidly since he has shown overbough values in July and has recently fallen below 50. This is a clear sign of a bearish momentum shift, which indicates a likely decrease in the direction of the $ 2.80 support zone.

In the event that this level is broken on the other side, XRP creates a lower layer and will probably also go through the aforementioned advanced averages and in the near future experience a much deeper withdrawal to the $ 2.10 zone.

The BTC pair

By continuing to the XRPBTC graph, things look a bit more optimistic for XRP. The active is broken from a multi-monthly channel after an almost vertical rally in July, so that both the 100-day and 200-day progressive averages remain. These DMAs now converge around the SAT support level of 2,400, creating a considerable area that could again push the price higher and put an end to the recent decrease.

Nevertheless, it is remarkable that, unlike the USDT purple, the 100-day and 200 days of progressive averages have not yet created a golden crossover, and with the RSI that falls below 50, the market structure is not yet complete for the buyers.

So keeping the 2,400 SAT zone is more important than ever, because this level can initiate the next rally, whether its breakdown can cause a considerable crash that could even attract XRP under 2,000 in the short term.