Ripple Price Analysis: XRP Shows Deeper Correction Signs Against Both USD and BTC
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XRP is under pressure against the US dollar and Bitcoin, trading near $1.26 after another rejection from descending channel resistance. The token remains capped below the 100-day moving average (~$1.40) and 200-day moving average (~$1.65) and is approaching key support zones, reinforcing a broader bearish technical structure that risks further downside for the crypto token.
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Ripple’s XRP remains under pressure against both the US dollar and Bitcoin, with the price action continuing to respect a broader bearish structure. The daily charts show the token trading below key moving averages while approaching important support zones that could determine the next major 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 resistance. The asset remains capped below both the 100-day moving average around $1.4 and the 200-day moving average near $1.65, highlighting the lack of bullish momentum on the higher timeframe.
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