XRP Struggles to Gain Momentum Amid Market Recovery
Despite signs of recovery in the broader cryptocurrency market, Ripple’s XRP continues to face downward pressure. The token remains trapped below crucial resistance levels in both its USDT and BTC trading pairs, failing to capitalize on the slight rotation seen in the altcoin market.
Technical Analysis
XRP has been confined within a descending channel since August. Attempts to break above the 100‑day and 200‑day moving averages, both near $2.60, have been rejected. The latest rejection occurred just below $2.60 in early November, leaving the current price hovering around $2.15, below the channel’s higher trendline. The next support level is around $1.85, but buyers need to reclaim the $2.40–$2.60 zone to improve XRP’s outlook.
BTC Pair Perspective
In the BTC pair, XRP has fallen below the 100‑day and 200‑day moving averages, both around 2,400 sats. It is currently testing the previous short‑term low near 2,300 sats. A failed attempt to enter the supply zone around 2,600–2,800 sats suggests weakening demand. With the RSI below 50 and no bullish divergence, momentum is lacking. If Bitcoin dominance increases, XRP/BTC could test 2,000 sats or even drop lower.
Conclusion
XRP’s struggle to break out highlights the lack of buyer momentum and the challenges it faces amid market recovery. Investors should watch key levels and consider broader market trends before making decisions.
