XRP Breaks Above Descending Channel but BTC Pair Remains Laggard
XRP has staged a sharp recovery against USDT, breaking above a descending channel and reclaiming key moving-average levels. However, this rally has reached a major resistance area around $1.50, with momentum cooling down.
The token's broader structure is improving, but it still needs a sustained breakout above the supply zone. Meanwhile, the XRP/BTC pair is lagging behind, which is a notable development to watch.
XRP spent much of the year trading inside a broad descending structure against USDT, with price surging from around $1.00 and decisively breaking above the upper descending trendline as well as the 100-day and 200-day moving averages. The breakout pushed XRP to a local high with a long wick near $1.70 before the price retraced sharply.
The main resistance is now concentrated between $1.45 and $1.55, which previously acted as a major supply area and has once again capped the recovery. A daily close above $1.55 would strengthen the bullish case and could open the way toward the larger $1.85-$1.90 resistance zone.