Ripple Price Analysis: How Low Can XRP Go if It Loses $1 Support This Weekend?
XRP remains under sustained selling pressure against both USDT and BTC, with the higher time frame structure continuing to favor the bears. The latest breakdown below the key horizontal support reinforces the prevailing downtrend and leaves the market vulnerable to another leg lower unless buyers quickly reclaim the lost levels.
Ripple Price Analysis: The USDT Pair
On the XRP/USDT chart, the price continues to trade inside a well-defined descending channel while remaining below the 100-day and 200-day moving averages. The 100-day MA has acted as a close dynamic resistance throughout the decline, while the 200-day MA continues to trend lower well above the current price, highlighting the weakness in the broader trend.
A potential breakdown of the $1-$1.05 support zone marks an important bearish development. This area has repeatedly attracted buyers over the past several weeks, but a breakdown would suggest demand is fading. If XRP breaks below this level, sellers will be in even more control.
โฆ Continue reading the full article at the original source below.
