Ripple Price Analysis: What’s Holding XRP Back From Breaking Out?
XRP continues to struggle with downward pressure despite broader market attempts to recover. The recent weakness in price action highlights a lack of momentum from buyers as the token remains trapped under key resistance levels across both USDT and BTC pairs. Although the altcoin market has shown slight signs of rotation, Ripple’s cross-border asset hasn’t yet benefited from that shift.
Technical Analysis
By Shayan
The USDT Pair
On the USDT daily chart, XRP remains inside a descending channel that started forming back in August. Attempts to break above the 100-day and 200-day moving averages were rejected, with both MAs now sloping downward near the $2.60 mark.
The latest decisive price rejection occurred just below the $2.60 level, aligning perfectly with a confluence of the moving averages and the channel’s higher boundary in early November. The price is currently hovering around $2.15, sitting uncomfortably below the higher trendline of the channel, with the next demand zone around $1.85. Unless buyers reclaim the $2.40–$2.60 zone, XRP remains vulnerable in the coming weeks.
The BTC Pair
Against Bitcoin, XRP has broken back below the 100-day and 200-day moving averages (both located around the 2,400 sats mark) after a short-lived breakout attempt. The pair is now testing the previous short-term low near 2,300 sats, and this level needs to hold if XRP wants to avoid slipping further into relative weakness.
The failed push into the red supply zone around 2,600–2,800 sats indicates fading demand during rallies. With the RSI trending below 50 and no clear bullish divergence, momentum is lacking. If Bitcoin dominance continues to rise, XRP/BTC could test the 2,000 sats zone in the coming days, and even drop lower in the short term.
The post Ripple Price Analysis: What’s Holding XRP Back From Breaking Out? appeared first on CryptoPotato.
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