$XRP
XRP/USDT is now trading around $2.2 after getting rejected from the higher boundary of the large descending channel. The price has also lost the 100-day MA (orange) and is testing the 200-day MA (blue), both located around the $2.30 mark.
The RSI also sits near 44, reflecting weak bullish momentum and a lack of buying interest. A daily close below the psychological level at $2 would likely open the door for a deeper correction toward the $1.55 demand zone, which also aligns with the lower trendline of the channel.
Until the buyers reclaim the moving averages with strong volume, the trend favours the sellers. Structurally, the market remains neutral to bearish, with a potential shift toward bearish if the current consolidation fails to reverse. Investors should watch for a reaction around the $1.90–$2 area, which will likely dictate the next directional impulse.
