Ripple price analysis: XRP at a make-or-break level under heavy pressure

Ripple’s Token continues to act under pressure, but important technical levels come into the picture. Both XRP/USDT and XRP/BTC pairs are close to important bending zones that can define the following movement.

Technical analysis

By Shayan

The USDT pair

XRP has remained within a falling wedge structure, because it was actively slipped under the 100-day advancing average. The recent low at $ 2.75 is being tested again, and it is precisely below that a more critical demand zone is around $ 2.60, supported by the 200-day advancing average, which is just below this area. This confluence makes it a make-or-break level for buyers.

If this area applies, we could see a bouncing and a potential challenge of the upper limit of the WIG near $ 3.10. A breakout from De Wig would open the door to the most important level of $ 3.60. But if the support provides, XRP can decrease to the $ 2.20 zone, which matches the lower limit of the large rising structure.

The BTC pair

By continuing to the XRP/BTC graph, a Bullish Golden Cross was recently taken, because the 100-day MA was pushed above the 200-day MA, but the active has not yet been followed. After a strong rally in July, the price was moved sideways just above 2,400 SAT support.

Consolidation above both MAS suggests underlying force, but the buyers must hold the 2,400 SAT zone to prevent a deeper withdrawal. A clean break above the 2,800 SAT zone, which matches recent consolidation heights, can start the next leg higher, aimed at the 3,000 SAT area again.

Otherwise losing support can drag the couple to the 2,000 SAT zone, which shifts the total market structure Beerarish. As a result, the 2,400 SAT zone remains a critical level for investors to defend in the short term.