Ripple Price Analysis: Is $3 or $1.4 Next for XRP?

1 day ago 3

XRP has been consolidating against both BTC and USDT after a period of strong volatility, finding support above key moving averages while remaining below major resistance levels.

By Edris Derakhshi

The USDT Paired Chart

On the XRP/USDT daily chart, the price is sitting just above the 200-day moving average and a critical horizontal support around the $2.00 zone. This level has acted as a battleground in recent weeks, as the asset has tested it multiple times.

The RSI is also hovering near the 50% level, reflecting the current equilibrium between buyers and sellers. A decisive close above the $2.5 area could open the door to a retest of the $3 level, while a breakdown below $2.00 would likely drag price back toward the $1.40 support level.

The BTC Paired Chart

Looking at the XRP/BTC pair, the structure reflects a broader sideways market, with multiple failed attempts to push above the 2,800 SAT zone. The price has made a series of lower highs recently, signaling some relative weakness against Bitcoin.

However, the 200-day moving average is creeping up toward the 2,200 SAT support area, offering a key level to monitor for trend confirmation. A clean breakout above the 2,800 SAT zone would mark the start of bullish momentum, while losing the 2,200 SAT level could lead to a deeper retracement toward the 1,800 SAT region or even lower.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Read Entire Article