XRP Price Action Overview
XRP remains under correction after a significant rise earlier in the month. While it has managed to stabilize beyond key demand levels against USDT, it hasn’t yet been able to reclaim a broader distribution zone.
When looking at Bitcoin, XRP is still experiencing a structural downtrend. It briefly hit resistance but has since slipped back into a phase of underperformance. As it stands, Bitcoin appears to hold the advantage over XRP until the BTC pair consistently maintains higher lows and climbs back above key moving averages.
Ripple Price Insights: USDT Pair
On the daily XRP/USDT chart, the price recently rebounded from the $1.80 support area, reaching back into the $2.40 supply zone. Here, it encountered the declining 100-day moving average but remains significantly below the 200-day moving average, which is positioned at the upper boundary of this resistance area.
This rejection, in conjunction with a decline in the daily RSI after a previous overbought condition, suggests a shift in market momentum from an impulsive phase to a consolidation or corrective pullback. It doesn’t really seem to indicate a trend reversal just yet.
In the near term, the $2.00 level is critical. Should the price stay above this point, it maintains a constructive high-low formation, keeping the door open for a potential retest of $2.40 and possibly the 200-day moving average. Conversely, if the daily close dips below $2.00, this could signal a resurgence of selling pressure, raising the risk of a deeper retracement towards the $1.80 demand zone where the last uptrend began.
BTC Pair Analysis
The daily XRP/BTC pair highlights a clear rejection from the resistance band at around 2,400-2,500 sats, aligning with the 200-day moving average and earlier distribution levels. After failing to break through, the price has retreated to approximately 2,150 sats, with the daily RSI declining from its local peak. This behavior is typical of a continuation within a prevailing downtrend, where rallies to the moving average often attract selling.
If current weaknesses persist, the next focus area could be around 2,000 sats. A sustained recovery above the 2,400 level, combined with breaking and holding above the daily moving average, might indicate a marked shift in relative strength—potentially paving the way for a larger recovery phase for XRP relative to Bitcoin.
