Ripple (XRP) price shows signs of recovery on both USDT and BTC pairs. However, there are factors that caution investors.
Analysis of USDT Charts
On the USDT chart, the XRP pair is showing renewed strength after bouncing from the $2.00 support zone, which also aligns closely with the 200-day moving average.
The bullish engulfing candle formed recently confirms buyers stepping back in after weeks of sideways movement near the range lows. The price is now approaching the $2.5 mid-range resistance area, which is a key level to break before rising toward the $3 region.
Analysis of BTC Charts
The XRP/BTC pair is consolidating just above the 200-day moving average, located around the 2,100 SAT mark. Although bearish momentum has cooled down, buyers are yet to reclaim the key 2,800 SAT resistance zone. This range has capped every major rally attempt since January, and breaking above it would signal a shift in trend favoring XRP over BTC.
Monitoring Market Trends
Traders should monitor whether the BTC pair starts to rise alongside the USDT pair, as a divergence here could limit the upside on the dollar pair rally.
Ripple's price shows signs of recovery, yet investors are advised to remain cautious due to the presence of warning signals in the market.
