XRP’s price has retreated from the $0.9 resistance level, indicating a bearish short-term trajectory. The $0.6 support zone, coinciding with the 50-day moving average, represents a key target for a potential pullback.
If the $0.6 level holds, a rebound could occur, possibly leading to a breakout above $0.9. Such a scenario might pave the way for XRP to trade near $1 in the coming months, contingent on renewed buying momentum.
Against Bitcoin, XRP has faced rejection twice at the 2,800 SAT resistance level, signaling strong selling pressure. The price is currently heading toward the 2,200 SAT support zone, with the 50-day moving average around 2,000 SAT offering additional support if the decline continues.
Interestingly, the RSI indicator remains above 50%, suggesting buyers retain some control. This increases the likelihood of another attempt to break the 2,800 SAT resistance level in the short term.
