Ripple Price Analysis: XRP Looks Weak Against USD and Even Worse vs BTC

XRP continues to bleed out quietly whereas market consideration stays locked on BTC  and ETH. Despite temporary reduction bounces, the general construction stays bearish throughout the board. Both the USDT and BTC pairs are exhibiting weak spot, with no clear indicators of a restoration, and the patrons have misplaced management of key ranges.

Technical Analysis

By Shayan

The USDT Pair

XRPUSDT continues to be trapped in a steep descending channel. The newest drop pushed the value beneath $1.90, and it’s now approaching the decrease boundary of the channel. The construction exhibits a transparent collection of decrease highs and decrease lows, with no bullish divergence on RSI but. Therefore, momentum stays weak.

The 100-day and 200-day transferring averages are each sloping downward and are nicely above the present value, positioned across the $2.50 mark. This confirms a sustained downtrend. Buyers have to defend the $1.75–$1.80 help zone. Otherwise, the subsequent degree to look at is round $1.50. On the opposite hand, till the value reclaims $2.20 and breaks above the channel, any bounce is simply one other decrease high.

The BTC Pair

The BTC pair appears to be like even worse. After forming a rising wedge in October and November, XRPBTC broke down arduous final week and is now buying and selling at 2,170 sats again beneath the 100 and 200-day transferring averages, each positioned across the 2,400 sats degree.

The RSI can be sliding towards oversold territory, however nonetheless no divergence or reversal alerts. If the pair continues this drop, the subsequent main demand zone is round 2,000 sats. That is the place XRP beforehand bottomed earlier this yr. So, until the patrons reclaim the two,400 sats degree quickly, the asset is prone to underperform BTC into year-end.

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