Amid significant fluctuations in the cryptocurrency market, XRP exhibits a prolonged consolidation, showing signs of accumulation and holding key support levels.
Analysis of XRP/USDT Pair
The XRP/USDT pair continues to trade within a descending channel, showing a sequence of lower highs and lows. Recently, the price swept sell-side liquidity below the $2 mark and rebounded strongly, currently testing the 100-day moving average. This liquidity sweep and bounce could signal exhaustion of bearish momentum.
The RSI is also hovering around 50, indicating a neutral bias. However, holding the 100 and 200-day moving averages in the $2.2–$2.4 range would open pathways for a potential breakout. For a full bullish trend to begin, a clean break above the channel's upper trendline and the $3 resistance zone is critical.
Analysis of XRP/BTC Pair
The XRP/BTC pair has been in a clear downtrend inside a descending channel since March. The price is now approaching the lower boundary of the channel, aligning with a key fair value gap (FVG) around the 1,600–2,000 SAT range. This area can be expected to act as a strong demand zone.
The confluence of FVG and channel support increases the probability of a bullish reaction. While the RSI remains below 50, it has curved slightly up, suggesting a possible slowdown in bearish momentum. A breakout from the channel and a reclaim of the 2,300 SAT resistance zone could trigger bullish continuation.
However, if the price fails to hold the FVG zone and breaks lower, further downside toward the 1,500 SAT mark will be highly probable.
Conclusion
Current market conditions for XRP largely depend on the support level in the pairs with USDT and BTC. Breakthrough of key levels may signal the start of a new bullish trend, but it is essential to monitor market changes and asset reactions to these levels.
Thus, XRP demonstrates signs of consolidated accumulation, and further movements may determine its pathways for breakout or decline in the near term.
