XRP is consolidating below key resistance levels against both USDT and BTC. Technical indicators suggest weak momentum and a lack of strong bullish drive. A break above resistance with significant volume is needed to signal a potential bullish reversal.
What to Know:
- XRP is consolidating below key resistance levels against both USDT and BTC.
- Technical indicators suggest weak momentum and a lack of strong bullish drive.
- A break above resistance with significant volume is needed to signal a potential bullish reversal.
XRP has been trading with relatively low volatility, consolidating below key resistance levels as broader market momentum stalls. The price remains trapped in a range without clear bullish conviction, though a recent bounce from support indicates short-term buyers are present. Analyzing its performance against both USDT and BTC provides a clearer picture for investors.
On the USDT pair, XRP is hovering around $2.50, still below the 100-day and 200-day moving averages. After a sharp liquidation wick into the demand zone, the asset bounced but failed to break back above the key resistance near $2.60. The RSI has also flattened around 45, reflecting weak momentum.
Looking at the XRP/BTC chart, the price remains under pressure after multiple failed attempts to reclaim key resistance levels. It’s currently trading around 2,270 sats, stuck below the 100-day and 200-day moving averages, suggesting a prolonged accumulation or distribution range. The RSI at 47 indicates neutral momentum.
For a bullish reversal, XRP needs a clean break above 2,500 sats with high volume against Bitcoin. Similarly, against USDT, reclaiming the moving averages and breaking above the $2.60–$2.75 zone with volume is crucial. Until these levels are breached, XRP may continue to lag, offering limited opportunities for significant gains.
XRP’s current consolidation phase calls for patience and strategic observation from traders. Monitoring key resistance levels and volume will be essential in determining its next significant move, especially as the market anticipates further regulatory clarity and potential spot Bitcoin ETF approvals.
Related: XRP Price: $12M Max Pain for Bears
Source: Original article
Quick Summary
XRP is consolidating below key resistance levels against both USDT and BTC. Technical indicators suggest weak momentum and a lack of strong bullish drive. A break above resistance with significant volume is needed to signal a potential bullish reversal.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
