XRP Encounters Weakening Momentum as Consolidation Deepens: Analyzing Ripple’s Price Trends

XRP remains in a prolonged consolidation state, displaying neither strong bullish activity nor clear signs of a downward breakdown. The XRP/USDT and XRP/BTC pairs both illustrate this uncertainty, with price movements confined within established frameworks.

Technical Overview

Pairing with USDT

Focusing on XRP/USDT, the price is continually compressed within a descending channel. The resistance trendline established from the January high has yet to be breached, while the horizontal support zone around the $2 mark has consistently provided backing.

Currently, XRP is positioned just above the 100-day (orange) and 200-day (blue) moving averages near the $2.3 level. The RSI remains steady at around 48, indicating a lack of directional momentum. The longer XRP remains unable to surpass the descending resistance, the greater its vulnerability to a potential drop, particularly if Bitcoin enters a correction phase.

Pairing with BTC

In relation to Bitcoin, XRP hovers just above significant support at 2200 SAT, a threshold that has held firm since mid-April. The pair has continued to trend downwards within a descending channel, pressuring the horizontal support level.

Both the 100-day and 200-day moving averages are now stabilizing above the current price, around the 2500 SAT level, serving as important dynamic resistance. This arrangement suggests a bearish outlook unless buyers can reclaim 2400 SAT and escape the descending channel while rising above the moving averages.

Momentum indicators also show a weakening trend, with the RSI around 30, signaling a lack of bullish strength. Should the 2200 SAT support be breached, XRP/BTC could swiftly decline to the 1600-1800 SAT range, which represents the next apparent demand zone created by previous imbalances established last December.