Ripple Price Analysis: XRP Consolidation Continues but Bearish Sentiment Lingers

$XRP remains in a consolidative phase after holding the $1.20 support zone. This indicates mild stability, but the market is still facing downward pressure. The price is holding key support levels, yet overhead resistance and longer-term moving averages continue to limit upside potential.

Ripple Price Analysis: The $USDT Pair

On the $XRP/$USDT chart, $XRP is trading around $1.32, just above the $1.20 support zone that has held over the past couple of months. Meanwhile, the RSI has dropped below the 50 level, which indicates that momentum is still bearish. The asset also still remains beneath both the 100-day and 200-day moving averages, located around the $1.60 and $2.00 marks, respectively.

The resistance zone around $1.75 to $1.80 continues to cap upside. A move above that area would be needed to validate a broader bullish attempt, accompanied by a breakout above the large descending channel and the key moving averages. Yet, if this scenario fails, a breakdown below the $1.20 support zone would be expected, which could lead to a prolonged bear market in the coming months.

The $BTC Pair

On the daily chart of the $XRP/$BTC pair, $XRP is hovering near 1,970 sats. It is currently testing the 1,950-2,000 sats support zone, which has held the price on multiple occasions over the past few months. As with the $XRP/$USDT pair, the key 100-day and 200-day moving averages are located above the current market price and will act as dynamic resistance levels around 2,100 and 2,200 sats. With the market also trending lower inside the broad descending channel, the overall market structure is still bearish.

The first meaningful horizontal resistance is located above the channel and the moving averages, around the 2,400 sats area. Meanwhile, the support level near 2,000 sats is key for short-term stability. If this level breaks down, it could open the path toward a much deeper support level around 1,500 sats, while a successful reclaim of resistance zones would improve the outlook and make investors hopeful for a recovery in the remainder of 2026.