$XRP is trading around $1.33 as the altcoin continues to drift lower with no meaningful catalyst in sight. While broader markets are in a wait-and-see mode around the US-Iran ceasefire developments, $XRP has found no relief from the pressure. It is sliding further toward the critical support zone that has served as the last line of defense since February.
Ripple Price Analysis: The $USDT Pair
The structure on the $USDT pair remains firmly bearish. $XRP is trading inside a descending channel with both the 100-day MA (~$1.60) and 200-day MA (~$1.90) declining well overhead. The asset has been grinding lower in a slow bleed that has now brought it uncomfortably close to the $1.20 support zone.
That level held during the February capitulation wick but has not been tested on a sustained closing basis. Therefore, a retest appears increasingly likely at the current trajectory.
cryptopotato.com

