XRP is showing renewed signs of momentum after months of sideways movement, signaling a potential breakout on the horizon. While the broader crypto market saw notable volatility, XRP remained range-bound—until now.
XRP is showing renewed signs of momentum after months of sideways movement, signaling a potential breakout on the horizon. While the broader crypto market saw notable volatility, XRP remained range-bound—until now.
Recent technical patterns suggest accumulation is underway, as XRP holds strong against both Tether (USDT) and Bitcoin (BTC) trading pairs. This consolidation phase may be setting the foundation for a bullish thrust.
Technical Overview
XRP/USDT Outlook
On the XRP/USDT chart, the token is currently navigating within a descending channel, exhibiting a trend of lower highs and lower lows. However, XRP recently dipped below the psychologically important $2 level, tapping into a liquidity zone before rebounding with notable strength. This reaction indicates weakening selling pressure.
At the moment, the asset is testing the 100-day moving average, an important technical indicator. If XRP manages to firmly reclaim both the 100-day and 200-day moving averages—positioned in the $2.2 to $2.4 area—it could lay the groundwork for a bullish breakout from the channel.
The Relative Strength Index (RSI) near 50 reflects neutral market sentiment, highlighting a balance between buyers and sellers. However, a decisive move above the descending trendline and a push through the $3 resistance level would be essential to officially mark the start of a bullish trend.
XRP/BTC Performance
Against Bitcoin, XRP has stayed within a persistent downtrend since March, also constrained by a descending price channel. The current price action is approaching the lower edge of this channel, which happens to align with a significant fair value gap (FVG) between the 1,600 and 2,000 Satoshis (SAT) range. This confluence turns the area into a potential strong demand zone.
The RSI on this chart remains under 50 but is beginning to curve upwards, suggesting the bearish momentum may be slowing down. If XRP manages to break out of this channel and reclaims the 2,300 SAT resistance level, a bullish continuation could ensue.
However, failure to maintain price support within the FVG zone could lead to further declines, dragging XRP towards the 1,500 SAT region.
These technical formations across both trading pairs suggest that XRP is at a critical juncture. Whether it surges or stumbles will depend on how it navigates nearby support and resistance levels in the days ahead.
Ripple Price Analysis: XRP Finally Nearing Key Breakout Point?
Related: Expert Advice: Sell XRP If You’re Confused
Quick Summary
XRP is showing renewed signs of momentum after months of sideways movement, signaling a potential breakout on the horizon. While the broader crypto market saw notable volatility, XRP remained range-bound—until now. Recent technical patterns suggest accumulation is underway, as XRP holds strong against both Tether (USDT) and Bitcoin (BTC) trading pairs.
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.
