$XRP remains under pressure on higher timeframes after extending its decline within a broad descending channel. However, the asset is now attempting to stabilize above an important support region while showing early signs of recovery against Bitcoin. The coming sessions could determine whether it can establish a meaningful bottom or continue its longer-term downtrend.
Ripple Price Analysis: The $USDT Pair
On the daily timeframe, $XRP has recently broken below the local support around $1.30 and quickly dropped into a major demand zone between $1.10 and $1.20. This region has historically attracted buyers and once again produced a reaction, with the price rebounding after briefly dipping below the lower boundary of the zone.
Despite the bounce, the broader market structure remains bearish. $XRP continues to trade inside a long-term descending channel while remaining below both the 100-day moving average at approximately $1.35 and the 200-day moving average near $1.60. The bearish alignment of these moving averages suggests that sellers still maintain control of the higher-timeframe trend.
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