Ripple's recent rise is followed by a subsequent correction. Both XRP/USDT and XRP/BTC charts suggest the potential for further pullback.
Analysis of the XRP/USDT Pair
On the daily chart for XRP/USDT, the price has rejected the $3.50 horizontal resistance zone and is now finding support within the $3.00 demand zone. This area overlaps with the upper boundary of the previous consolidation range.
The RSI has sharply cooled down from overbought levels and now sits around 59, giving bulls some breathing room. However, unless buyers convincingly defend this area, there is a risk of further pullback toward the $2.50 region, where the 100-day and 200-day moving averages are located.
Analysis of the XRP/BTC Pair
Meanwhile, the XRP/BTC pair has broken down from its recent short-term uptrend and is now retracing into the fair value gap around 2,680 SAT. This drop follows a failed attempt to push through the heavy resistance zone at 3,200 SAT.
While the structure remains intact, the price is hovering inside the FVG and just above the 200-day moving average, making this a key zone for potential reaction. A loss of this level would open the door for a deeper retest of the 2,400 SAT region, while holding it could pave the way for a new attempt toward 3,200 SAT.
Final Remarks
Based on the current analysis, it can be concluded that Ripple's token is in a state of correction after its rise. Investors should closely monitor the key price levels on the XRP/USDT and XRP/BTC charts as they may indicate future market movements.
Ripple's price analysis shows the possibility of further pullback before a continuation of the uptrend. Investors should be attentive to key support and resistance zones.
