#TraderAlert The technical scenario for the XRP/USDT pair signals a moment of uncertainty, with a bearish bias gaining strength on short-term charts. The 20-day exponential moving average (EMA) has started to gradually tilt downward, while the Relative Strength Index (RSI) is already in negative territory, reinforcing the perception that bears are in control, at least for now. Its support zone is focusing on $2.01, being the main point to be observed by traders.
If the price loses this zone decisively, it opens the way for a sharper decline (especially if BTC starts to lose strength and seeks the next supports below $104k) with a potential target at $1.61, where buyers may attempt a more significant defense.
This movement would reflect a clear change in short-term sentiment, with investors avoiding taking long positions while the asset remains below the moving averages and immediate support. In this case, the XRP/USDT pair could continue to consolidate within an accumulation channel, with short-term traders exploring the limits of this lateralization while awaiting a clearer trigger, whether from fundamentals or technical breakout.
Positive catalysts for medium/long-term traders:
Recent multiple acquisitions and updates to the XRP Ledger (XRPL) strengthen the ecosystem's infrastructure and support the long-term appreciation thesis for XRP.
The launch of XRP futures on the CME reached $542.8 million in volume in the first month, demonstrating strong institutional interest in the asset.
The graphical analysis based on Elliott Waves and the pennant pattern points to a possible price breakout, with estimated targets between $5 and $7.
*Obviously, in a scenario of uncertainty, altcoins move based on the chart of $BTC , so always exercise caution.
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