$XRP is trading at $1.33 as May draws to a close. It is quietly slipping to its lowest levels since March without any particular catalyst. The move is just a slow, grinding drift lower that has characterized the altcoin’s performance throughout the second half of the month.
The $1.20 support band is the closest it has been in weeks, and the 100-day moving average has been surrendered once again. The $XRP/$BTC pair is also testing its recent low and has looked increasingly fragile.
Ripple Price Analysis: The $USDT Pair
Against $USDT, the cryptocurrency is just below the upper boundary of the descending channel. The 100-day moving average at approximately $1.40 is now an overhead resistance after being surrendered during the May rollover, and the 200-day moving average continues to decline around $1.60.
cryptopotato.com