XRP continues to face significant downward pressure, even as the broader cryptocurrency market shows signs of recovery. The latest price movements indicate a persistent weakness in buyer momentum, leaving the digital asset trapped beneath critical resistance levels in both USDT and BTC trading pairs.
Despite minor rotations in the altcoin market, Ripple”s cross-border asset has yet to capitalize on these shifts. Technical analysis reveals that on the USDT daily chart, XRP remains confined within a descending channel that has been in formation since August. Attempts to surpass the 100-day and 200-day moving averages were unsuccessful, with these indicators now trending downward near the $2.60 mark.
Recently, XRP experienced a notable rejection just below the $2.60 level, which coincided with both the moving averages and the upper boundary of the channel in early November. Currently, the price hovers around $2.15, positioned precariously below the channel”s upper trendline, and the next demand zone is identified at approximately $1.85. Without a reclaiming of the $2.40–$2.60 range by buyers, XRP could remain susceptible to further losses in the upcoming weeks.
In its pairing against Bitcoin, XRP has fallen back below the 100-day and 200-day moving averages, both positioned around the 2,400 sats mark, following a brief breakout attempt. The pair is now testing a previous short-term low near 2,300 sats, which is crucial for XRP to hold to avoid slipping deeper into relative weakness.
The failed attempt to push into the red supply zone between 2,600 and 2,800 sats suggests diminishing demand during upward movements. With the Relative Strength Index (RSI) trending below 50 and a lack of clear bullish divergence, XRP”s momentum appears to be waning. If Bitcoin”s dominance continues to rise, the XRP/BTC pair might test the 2,000 sats level in the near term, with potential for further declines.
