Current Market Situation
XRP has been experiencing a steady decline in price, with no signs of bullish momentum or a shift in trend structure. The cryptocurrency is currently trading below $2, raising concerns about a potential drop to $1.8.
Daily Chart (XRP/USDT) Analysis
On the daily chart against USDT, XRP remains within a descending channel that has defined its downtrend since August. The 100‑day and 200‑day moving averages are positioned above the current price at around $2.60, adding to the bearish pressure. Recent attempts to break above $2.40 resistance have failed, confirming the continued bearish control. As of now, XRP is trading around $2.01, dangerously close to the $1.80 demand zone. A clear breakdown could lead to further declines towards $1.50 and even the critical $1.20 support level. The Relative Strength Index (RSI) is hovering near 40, with no bullish divergence, indicating that momentum remains bearish.
XRP/BTC Chart Analysis
Against Bitcoin, XRP has broken down from its ascending channel pattern. The price is currently around 2,230 sats, with both the 100‑day and 200‑day moving averages acting as resistance at around 2,400 sats. This breakdown is particularly concerning as it invalidates the previous structure of higher lows. If the decline continues, the next support level is around 2,000 sats. Overall, there is no strength in the XRP/BTC chart, with only a slow bleed and no signs of reversal.
Conclusion
In conclusion, XRP is showing technical weakness with no signs of a trend reversal. The price is close to key support levels, and a breakdown could lead to further declines.
