XRP price has been trapped in a period of consolidation, trading within defined channels across both USD and BTC pairs. This tightening structure suggests an impending breakout is imminent, but momentum has softened, with the market awaiting a catalyst for further movement.
Technical Analysis – XRP/USDT
The XRP/USDT pair continues to navigate the boundaries of a significant descending channel. Recently, it failed to break above the $2.60-$2.80 resistance zone, aligning with the upper trendline of the pattern. On the downside, the critical support area lies between $2.10-$2.30, with both the 100-day and 200-day moving averages remaining below this range.
A confirmed breach of this level could trigger a retest of the $1.90 price point, while a breakout above $2.60 might propel the price toward $3.20. Meanwhile, the RSI currently sits at around 50%, indicating a neutral stance with a slight bearish bias.
Technical Analysis – XRP/BTC
XRP/BTC is confined within a falling wedge, currently hovering just above the 2100 SAT support level. This pair recently encountered resistance from the 2500 SAT zone, which overlaps with the wedge’s upper trendline and the 100-day moving average.
Furthermore, the 200-day MA crossed below the 2300 SAT mark, suggesting a downward break of the 2100 support. A breakdown from the falling wedge pattern could amplify Ripple’s weakness against Bitcoin, potentially leading to a broader market downtrend.
The RSI for this pair also reveals values around 40%, highlighting continued bearish momentum.