Technical analysis
By Shayan
The USDT pair
XRPUSDT is still stuck in a steep descending channel. The latest decline pushed the price below $1.90 and it is now approaching the lower limit of the channel. The structure shows a clear series of lower highs and lower lows, with no bullish divergence on the RSI yet. So the momentum remains weak.
The 100 and 200 day moving averages are both trending downward and are well above the current price, which is around $2.50. This confirms a continued downward trend. Buyers should defend the $1.75-$1.80 support zone. Otherwise, the next level to watch is around $1.50. On the other hand, until the price reclaims $2.20 and breaks above the channel, any bounce is just another lower high.
The BTC pair
The BTC pair looks even worse. After forming a rising wedge in October and November, XRPBTC broke down hard last week and is now trading at 2,170 sats, back below the 100- and 200-day moving averages, both located around the 2,400 sats level.
The RSI is also sliding towards oversold territory, but there are still no divergence or reversal signals. If the pair continues this decline, the next major demand zone will be around 2,000 sats. That’s where XRP bottomed out earlier this year. So unless the buyers regain the 2,400 sats level soon, the asset is likely to underperform BTC until the end of the year.
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