Ripple Price Prediction: Will XRP Drop Back to $1.20? Key Support Levels Tested Amid Bearish Pressure
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XRP continues to experience bearish pressure against USDT and BTC, marked by lower highs and lows. It remains below key moving averages and within a descending channel, as the recent bounce from $1.20 was insufficient to breach the $1.80 resistance level.
XRP remains under sustained bearish pressure across both its USDT and BTC pairs, with the price structure continuing to print lower highs and lower lows. Despite short-term bounces from support levels, the broader trend favors sellers as the price trades below key moving averages and within a descending structure.
Ripple Price Analysis: The USDT Pair
On the XRP/USDT chart, the price is trading inside a well-defined descending channel, consistently rejecting dynamic resistance from the midline of the channel, the upper trendline, and the 100-day and 200-day moving averages. The recent bounce from the $1.20 demand zone failed to reclaim the $1.80 supply area, reinforcing the bearish structure and confirming that rallies are still corrective in nature.
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Ripple Price Prediction: Will XRP Drop Back to $1.20? Key Support Levels Tested Amid Bearish Pressure
Share:
XRP continues to experience bearish pressure against USDT and BTC, marked by lower highs and lows. It remains below key moving averages and within a descending channel, as the recent bounce from $1.20 was insufficient to breach the $1.80 resistance level.
XRP remains under sustained bearish pressure across both its USDT and BTC pairs, with the price structure continuing to print lower highs and lower lows. Despite short-term bounces from support levels, the broader trend favors sellers as the price trades below key moving averages and within a descending structure.
Ripple Price Analysis: The USDT Pair
On the XRP/USDT chart, the price is trading inside a well-defined descending channel, consistently rejecting dynamic resistance from the midline of the channel, the upper trendline, and the 100-day and 200-day moving averages. The recent bounce from the $1.20 demand zone failed to reclaim the $1.80 supply area, reinforcing the bearish structure and confirming that rallies are still corrective in nature.
In This News
Share:
In This News
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Read More
XRP Maintains Macro Bullish Structure Despite Deeper Correction