Ripple's strong rally since June is now showing signs of exhaustion. After breaking above $3.40, $XRP has reversed course, losing the critical $3.00 level — and investors are watching the next support lines closely.
USDT Pair Insight:
After a steady climb, XRP/USDT has dipped below $3.00.
Price is now approaching the 100-day and 200-day moving averages near $2.50, where a bullish crossover is forming.
If these supports fail, $1.60 becomes the next major downside target — a key level last seen during previous accumulation phases.
BTC Pair Breakdown:
XRP/BTC was rejected from the 3,200 SAT resistance and is testing the 200-day MA near 2,500 SAT.
RSI has dropped below 50, showing fading bullish momentum.
A breakdown here could pull the pair back into the descending channel, targeting the 2,000 SAT zone — suggesting deeper correction or prolonged sideways action.
Conclusion:
While bullish structure isn't completely broken, losing these key support zones could open the door to a larger retracement. For now, $2.50 (USDT) and 2,500 SAT (BTC) are the critical defensive lines for bulls.
