🟢👈 Recommendation and you are the master of your decisions 🤷♂️ $XRP
Entry: $2.165 – $2.172
• TP1: $2.185
• TP2: $2.198
• TP3: $2.215
• SL: $2.145
continues to trade within a narrow consolidation range, while both Bitcoin and Ethereum dominate recent market headlines. Despite lacking strong bullish momentum, XRP's price shows resilience, maintaining key support areas across both USDT and BTC pairs.
However, both charts indicate that the asset is approaching critical inflection points, where any breakout or breakdown may determine the next major movement path.
Analysis
On the daily chart, the XRP/USDT pair is still compressed within a long-term descending channel, bounded by a downward trendline from its yearly highs and horizontal support near $1.95, with significant selling liquidity below it.
The pair is currently trading around $2.15, just below the 100 and 200 moving averages. The RSI is also hovering near 44, indicating weak momentum and confirming its limited-range behavior. The asset is currently moving above a distinct liquidity level, suggesting that if sellers manage to break below $1.95, the next reasonable demand area lies around $1.6.
In the meantime, the upward resistance remains at the upper limit of the channel near $2.60, which has rejected many attempts in recent weeks. A clear break and daily close above this trendline could confirm a bullish breakout, targeting a price of around $3. Until then, this structure remains neutral, favoring range traders over trend followers.
Bitcoin Pair
Ripple (XRP) has shown persistent weakness against Bitcoin since March, consistently recording lower highs and lows. The chart shows a significant downward pattern, as the price now moves toward the lower boundary of the pattern. Both the 100 and 200 moving averages are trending down after a bearish crossover, and the RSI remains low near 42, reflecting continued relative performance weakness.
Nevertheless, the pair is approaching the imbalance area (FVG) remaining from the massive rally in late 2024. This pocket, located just below the 1900 SAT level, may act as a price magnet, with the potential for a slight rebound. If buyers intervene, the first challenge lies near the upper trendline of the wedge around the 2200 SAT level, which coincides with a horizontal resistance level.
Any decisive move above this level could change the short-term momentum, but unless that happens, the pair will remain stuck in a clear downward structure.
