Ripple Price Analysis

Ripple’s price has been consolidating in a wide range against both USDT and BTC over the past month. However, the future direction of the market may soon be revealed.

By Edris Derakhshi (TradingRage)

The USDT Paired Chart

XRP has been undergoing a corrective downtrend after reaching a local high above $3.00 last week, now testing the $2.00 psychological support.

The 200-day moving average remains well below the current price near $1.70, indicating that the long-term uptrend is still intact despite short-term weakness.

If $2.00 holds as support, XRP may attempt a recovery toward $2.50-$2.60, with a potential stronger rebound leading to a revisit of the $3.00 resistance zone. Conversely, a break below $2.00 would expose the 200-day moving average as the next target.

The BTC Paired Chart

The XRP/BTC ratio has been consolidating after a strong rally in November last year, trading currently around 2,500 SAT.

The pair has encountered resistance near 3,000 SAT, resulting in the recent pullback. The 200-day moving average at approximately 1,700 SAT remains intact, indicating that, like the USDT pair, the broader uptrend is still in play.

However, the RSI is trending lower, suggesting a potential weakening of momentum, yet as long as XRP holds above 2,000 SAT, a bullish continuation above the 3,000 SAT area could be expected.