$XRP is showing signs of short-term consolidation, but the broader trend remains under pressure. The price continues to hover above key support zones, giving buyers a slight foothold, but resistance levels and descending trendlines are still limiting upside momentum.
Ripple Price Analysis: The $USDT Pair
On the $XRP/$USDT chart, the asset is trading around $1.34. The price is just above the $1.20 support zone that has held recent lows. While there is a mild recovery attempt, $XRP remains confined inside the descending channel and below both the 100-day and 200-day moving averages, located around the $1.80 and $2.10 levels, respectively. This still keeps the overall structure bearish.
For the buyers to get back in control, the asset would need to move above the $1.75 to $1.80 area to shift the short-term sentiment more favorably. On the other hand, the $1.20 support zone remains critical, as if a drop below this level could cause another liquidation cascade and push the price significantly further to the downside.
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