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Ripple Price Analysis: XRP Looks Bullish Against USD but the BTC Pair Tells a Different Story
XRP has staged a sharp recovery from its August lows against USDT, breaking above the descending large channel and reclaiming key moving-average levels. However, the rally has now reached a major resistance area around $1.50, while momentum is beginning to cool down.
The broader structure is therefore improving, but the token still needs a sustained breakout above this supply zone. Meanwhile, the XRP/BTC pair is also lagging behind, which is a notable development to watch.
Ripple Price Analysis: The USDT Pair
XRP spent much of the year trading inside a broad descending structure, with the descending trendlines defining the dominant downtrend. The latest move represents a significant structural shift, as price surged from around $1.00 and decisively broke above the upper descending trendline as well as the 100-day and 200-day moving averages, located around $1.15 and $1.30 levels, respectively.
The breakout pushed XRP to a local high with a long wick near $1.70 before the price retraced sharply. XRP is currently trading around $1.41, meaning the initial breakout impulse has already undergone a meaningful correction.
The main resistance is now concentrated between $1.45 and $1.55. This zone previously acted as a major supply area and has once again capped the recovery. A daily close above $1.55 would strengthen the bullish case and could open the way toward the larger $1.85-$1.90 resistance zone.
On the downside, the 100-day and 200-day moving averages are the dynamic support levels to watch. Holding above them would keep the bullish reversal thesis intact.
Momentum has also improved dramatically. The RSI surged above 75 during the breakout, entering overbought territory, but has since pulled back toward the mid-70s. This cooling is not necessarily bearish by itself, as it could simply indicate that the market is digesting the vertical rally. However, continued RSI deterioration while XRP remains below $1.50 would increase the risk of a deeper retracement.
The BTC Pair
The XRP/BTC chart provides an important additional perspective. XRP also broke sharply higher against Bitcoin after spending months inside a descending channel. The move briefly lifted the pair from roughly 1,500 sats to above 2,000 sats, although a substantial portion of that advance has already been retraced.
The immediate resistance is still around 2,000 sats, where horizontal supply and the upper boundary of the descending channel converge. A sustained breakout above this region would indicate that XRP is beginning to outperform Bitcoin on a more structural basis, which could lead to a structural rally for Ripple in the coming months.
However, as already mentioned, the recent spike above roughly 2,000 sats was rejected, producing a long upper wick and subsequent weakness. The pair has subsequently fallen back below its 200-day moving average, which is located just above 1,800 sats.
This makes the current area important, as holding around 1,700 sats and above the 100-day moving average could allow XRP/BTC to stabilize and attempt another attack on resistance, whereas losing this region would expose the deeper fair-value-gap area below 1,700 sats.
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Full-time on-chain Data Analyst and Python Programmer. Passionate about Bitcoin and DataVisualization.
Source: cryptopotato.com