Ripple Price Analysis: XRP Remains Weak Against Both BTC and USD
Ripple’s native token has been under pressure over the past two weeks, giving up almost all of its strong Q3 gains. While Bitcoin’s dominance has surged, altcoins like XRP are struggling to hold critical support levels. However, the charts still show some structure holding for now.
Technical Analysis
By Shayan
The USDT Pair
On the USDT chart, XRP has pulled back from the upper boundary of its broad ascending channel and is now testing the lower trendline. The asset is currently positioned just below the 100-day and 200-day moving averages, with the latter serving as immediate resistance at around $2.60.
A break below the lower boundary of the channel could expose the $2 demand zone. With the RSI also hovering around 40, the momentum is bearish but not oversold, suggesting more room for downside if support fails.
The BTC Pair
Looking at the BTC pair, the situation appears weaker. XRP has broken below the long-standing support around 2,500 SAT and is struggling to reclaim the 200-day MA. After a sharp drop to the 2,000 area, the price has found temporary stability but still trades below key resistance levels.
The RSI also remains stuck near 39, showing that relative strength is lacking compared to Bitcoin. Therefore, the buyers need to reclaim the 2,500 zone soon to regain momentum. Otherwise, XRP is likely to continue its decline against BTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Glassnode reports $14.2 billion stablecoin drop, $1.6 billion Bitcoin ETF outflow
CoreWeave's surge gives AI cloud a breather, now all eyes are on the Anthropic IPO and Nvidia
CoreWeave’s Q3 revenue and guidance both exceeded expectations, with its stock price surging 25% in a single day and the new cloud sector soaring over 12%. Reports of Anthropic’s potential $1.5 trillion IPO valuation, OpenAI’s quarterly revenue surpassing $10 billion for the first time, and these three positive catalysts together have boosted confidence in the AI computing power industry chain, which was previously troubled by doubts about AI returns. Next week’s Nvidia earnings report and Anthropic’s IPO will be the true test of whether this rally can continue.
AI Computing Power and Semiconductors Stage a Strong Rebound—Why Is Wall Street Cautious About U.S. Stocks? Key Indicators Reveal the Bottom Hasn't Been Reached
The sharp volatility in the US stock market has prompted investors to carefully analyze various data to determine whether the sell-off has ended. Early indicators suggest that it may be too soon to declare that the market has resumed its normal upward trajectory.
Nvidia (NVDA.US) Governance Crisis Escalates: Jensen Huang Exposed for Another Affair, Board Considers Dismissal, and Wall Street Begins Pricing in a “No Jensen” Scenario
The world's most valuable semiconductor company is experiencing the most severe corporate governance crisis since its establishment.
Crypto prices
More
