XRP Price Plummets as Support Levels Come Under Siege

The price of XRP continues to face significant selling pressure against both USDT and BTC. The prevailing downtrend has led to a breakdown below key horizontal support levels, leaving the market vulnerable to further decline.

On the XRP/USDT chart, the price remains inside a descending channel, with the 100-day and 200-day moving averages trending lower. The $1-$1.05 support zone is crucial, as breaking below it could indicate fading demand. If this level fails to hold, sellers will be in control.

The next major support lies around the $0.90 region, while resistance sits at $1.25 and broader resistance remains around $1.50. Momentum also favors sellers, with the RSI approaching oversold territory without showing a convincing bullish divergence.

The XRP/BTC pair paints an even weaker picture, having broken below critical horizontal support levels. The price remains below major moving averages, reinforcing bearish market structure. A failure to reclaim the 1,700 sats level could further aggravate the bear market.