XRP Price Analysis: Bears Dominate Market as Key Support Levels Come Under Threat
XRP has continued to trade under selling pressure against both USDT and BTC. The higher time frame structure remains bearish, and recent breakdowns below key horizontal supports have left the market vulnerable to further declines.
On the XRP/USDT chart, the price is currently inside a descending channel, with support levels around $1-$1.05 and resistance at $1.25. A breakdown of this area would suggest fading demand, potentially leading to even more control by sellers.
The next major support sits around $0.90, which should be defended at all costs. On the BTC pair, XRP has broken below the critical horizontal support around 1,700 sats, confirming a continuation of the prevailing downtrend.