On the daily timeframe, XRP is holding above a dynamic support level. The 30-day RSI indicator reveals that it remains in the bearish zone, approaching a descending resistance trendline, which has been in place since late 2020.
From a price perspective, the bulls face a significant challenge in overcoming the horizontal resistance at $0.40. While the first breakout attempt was unsuccessful, a successful move above this level could lead to the RSI breaking its corresponding resistance. This would provide a bullish signal, possibly igniting an upward rally.
Maintaining support at $0.30 is crucial for XRP. If the bears manage to push the price below this level, a further decline toward $0.24 becomes a likely scenario.
Moving Averages:
MA20: $0.33
MA50: $0.37
MA100: $0.51
MA200: $0.64
XRP/BTC Pair Analysis
In the XRP/BTC pair, the price remains below a descending resistance trendline. The daily MA100 is providing solid support.
Ripple’s key challenge lies in surpassing the resistance zone at 1800 Sats. A breakout above this level could pave the way for a rally toward 2000 Sats.
