Ripple Price Analysis: What Is XRP’s Next Move as Bullish Momentum Quickly Faded?
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Ripple’s XRP is trying to gain traction amid a volatile macro backdrop, where Bitcoin dominance and ETF optimism are stealing the spotlight. Despite broader altcoin hesitation, XRP has seen a short-term bounce, but remains trapped below major resistances. The recent spike followed Bitcoin’s ETF rally, yet XRP is still under pressure on both the USDT and BTC pairs, reflecting weak relative strength.
Ripple/USDT Pair: Technical Analysis
The XRP/USDT daily chart shows a clean breakout from the descending channel that had been pressuring the price since October. This breakout triggered a strong bullish move, pushing the asset into the $2.40 resistance zone. However, it was quickly rejected from the 100-day moving average, now located around the $2.30 mark, and is currently pulling back.
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