Ripple’s XRP continues to face downward pressure against both the US dollar and Bitcoin, with price action adhering to a broader bearish structure. Daily charts show the token trading below key moving averages and approaching critical support areas that could determine the next meaningful directional move.
Ripple Price Analysis: The Daily Chart
Against the US dollar, XRP is trading near $1.26 after another rejection from the descending channel’s resistance. The asset remains capped below the 100-day moving average, near $1.40, and the 200-day moving average, around $1.65, underscoring a lack of bullish momentum on higher timeframes.
The overall trend favors sellers as XRP stays confined within a well-defined downward channel. Recent attempts to reclaim the 100-day MA have failed, prompting another leg lower toward the channel’s lower half. Immediate support lies in the $1.10 to $1.20 demand zone, which served as a significant reaction area earlier in the year.
A decisive break below that demand zone could expose the channel’s lower boundary and may trigger a deeper correction, extending losses and increasing downside risk on the daily timeframe. Traders and investors should watch price action around this support band for clues about whether buyers can mount a sustainable defense or whether sellers will push for fresh lows.
XRP/BTC Chart
Viewed on a relative-strength basis, the XRP/BTC chart shows a similarly weak outlook. The pair remains inside a long-term descending channel and continues trading beneath both the 100-day and 200-day moving averages. Although there was a bounce from the local bottom around 1,740 sats, the recovery has been limited and remains capped below nearby resistance near 1,850 sats.
Currently testing a nearby supply zone around 1,850 sats, the pair could gain momentum if it manages a decisive breakout above that level. A sustained move higher could open the path toward the broader resistance area between 1,950 and 2,050 sats, where the 100-day MA also resides. Failure to reclaim the 1,850 sats zone would preserve the bearish structure and increase the likelihood of another retest of recent lows.
Market participants should monitor volume and momentum indicators around these key levels. A breakout accompanied by strong volume would be more reliable, while a rejection could quickly shift focus back to downside targets. Risk management remains important given the persistent downtrend on both USD and BTC pairs.