XRP’s price action remains sluggish, with the cryptocurrency continuing to experience a slow bleed across both its USDT and BTC pairs. The lack of bullish momentum and a meaningful shift in structure has kept the price trapped below key moving averages, including the 100-day and 200-day MAs. Despite attempts at recovery, each bounce has been met with rejection at lower levels, indicating a clear lack of buying pressure. Until a significant trend reversal occurs, XRP’s technical outlook remains weak, with the cryptocurrency vulnerable to further downside.
Technical Analysis
By Shayan
The USDT Pair
On the USDT daily chart, XRP’s price is still confined within a descending channel that has defined the downtrend since August. The 100-day and 200-day moving averages, currently situated around $2.60, are exerting additional downward pressure. The recent rejection just below the $2.40 resistance level and the failure to break the upper trendline have confirmed continued bearish control, with the Relative Strength Index (RSI) hovering near 40 and showing no signs of bullish divergence.
Currently trading around $2.01, XRP is perilously close to the $1.80 demand zone, a critical support level that, if broken, could trigger a sharp decline toward the next high-timeframe support at $1.50 and potentially even the critical $1.20 zone. The lack of momentum and the absence of any bullish signals suggest that the cryptocurrency’s price may continue to lean bearish in the near term.
The BTC Pair
Against Bitcoin, XRP has broken down from its ascending channel pattern, with the break beneath 2,400 sats marking a key technical failure. The pair is now trading around 2,230 sats, with both the 100-day and 200-day MAs having flipped into resistance at around the 2,400 sats mark, capping upside attempts over the past week. This breakdown is particularly concerning, as the BTC pair had been consolidating with higher lows, but this structure is now invalid.
If the current slide continues, the next support level lies around 2,000 sats. The overall technical picture for XRP against Bitcoin is bearish, with no signs of strength or reversal in sight. The slow bleed in price, combined with the lack of buying pressure, suggests that XRP may continue to experience downward pressure in the near term.
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