$XRP is trading around $1.43 as Bitcoin’s breakout above its descending channel lifts broader market sentiment. The altcoin has staged a slight recovery from the recent low, but continues to lag meaningfully behind $BTC’s move. This has been a persistent theme throughout this correction that shows no signs of reversing yet.
Ripple Price Analysis: The $USDT Pair
$XRP remains firmly inside its descending channel on the $USDT pair, with the 100-day MA now declining toward approximately $1.50 and the 200-day MA sitting near $1.90. Both moving averages are compressing downward and forming an increasingly tight resistance ceiling just above the current price. The convergence of the channel’s upper boundary with the 100-day MA around $1.50–$1.60 makes that zone the first real test for buyers.
The RSI has recovered above 50 from deeply oversold levels in February, which is an improvement but still short of anything that signals genuine trend momentum. The $1.80 supply band remains the more significant resistance above, and it needs to be reclaimed on a closing basis before any bullish case can be made with conviction.
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