After weeks of sluggish price action, XRP continues to bleed slowly across both its USDT and BTC pairs. There is no sign of bullish momentum or a meaningful shift in structure, and price remains trapped below key moving averages. Attempts at recovery have lacked follow-through, with each bounce getting rejected at lower levels. Until something breaks this trend, XRP remains technically weak.
By Shayan
On the USDT daily chart, the price is still respecting the descending channel that has defined the downtrend since August. The 100-day and 200-day moving averages are now well above the current price at around $2.60, adding extra pressure from above. The recent rejection just below the $2.40 resistance and the failure to break the upper trendline confirm continued bearish control.
As of now, XRP is trading around $2.01, dangerously close to the $1.80 demand zone. A clean breakdown could open the door toward the next high-timeframe support at $1.50 and even the critical $1.20 zone. The RSI also hovers near 40 and shows no bullish divergence, meaning momentum continues to lean bearish.
Against Bitcoin, XRP has also broken down from its ascending channel pattern. The break beneath 2,400 sats was a key technical failure, and the pair now sits around 2,230 sats. Both the 100-day and 200-day MAs have flipped into resistance at around the 2,400 sats mark and capped upside attempts in the past week.
This breakdown is particularly concerning since the BTC pair had been consolidating with higher lows, but now that structure is invalid. If this slide continues, the next support lies around 2,000 sats. Overall, there is no strength in this chart right now. Only a slow bleed with no signs of reversal.
The post Ripple Price Analysis: XRP Drops Below $2, is a drop to $1.8 Imminent? appeared first on CryptoPotato.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
