Ripple Price Analysis: Weakening XRP Momentum Raises Risk of a Sub-$1 Drop
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XRP is under selling pressure across USDT and BTC pairs, trading around $1.08 after an extended decline within a descending channel while the BTC pair prints lower highs and lower lows, indicating relative weakness. The token remains bearish, trading below the 100-day and 200-day moving averages which are sloping down, signaling a seller-favored market structure and increased downside risk for crypto traders.
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XRP remains under pressure across both its USDT and BTC trading pairs, with the broader market structure still favoring sellers. While the token has managed to stabilize above nearby support on the dollar chart, its Bitcoin pair continues to print lower highs and lower lows, highlighting persistent relative weakness.
Ripple Price Analysis: The USDT Pair
The daily chart shows XRP trading around $1.08 after an extended decline within a well-defined descending channel. Although the asset has recently moved sideways instead of extending its losses, the broader trend remains bearish as it continues to trade below both the 100-day and 200-day moving averages. These levels are also sloping downward, reinforcing the prevailing negative momentum.
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