Ripple’s Wobbly Dance: XRP on the Brink of a Tumble 🌬️💰

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In the grand theater of financial markets, where bulls and bears perform their timeless dance, XRP has lately taken center stage. After a spirited leap this summer, our dear XRP now finds itself in a curious state of repose, a consolidation phase, if you will, where it hovers tantalizingly around the key resistance levels on both its USDT and BTC pairs. Oh, how the momentum has slowed, yet the charts whisper sweet nothings of a generally bullish disposition, with multiple key supports standing steadfast like loyal sentinels.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price saunters near the $3.10 mark, gazing up at the formidable resistance zone around $3.40. This, after a triumphant breakout from the $2.70 range in July, which has now become a sanctuary of support. The 100-day and 200-day moving averages, those wise old sages of the market, trend upwards and have recently engaged in a bullish crossover around $2.45, lending credence to the medium-term bullish narrative. Should the $3.40 barrier yield, a march towards the fabled $4.00 realm seems all but inevitable.

Yet, the RSI, that mischievous barometer of sentiment, lingers near the neutral 50 level, hinting at a lack of robust momentum. Thus, a fleeting retreat into the $2.80 support zone remains a possibility. This area, crucial for the bulls, must hold firm; its loss could precipitate a more profound correction, perhaps even a journey back to the 200-day moving average, nestled around the $2.40 mark. But as long as the price remains above these moving averages, the broader trend retains its bullish charm.

The BTC Pair

Turning our gaze to the XRP/BTC chart, we find the pair in a reflective mood, having retreated from the 3,000 SAT resistance to its current position around 2,600 SAT. This follows a splendid breakout from the long-term descending channel, a feat that saw the pair retest the upper boundary, a confluence of the 200-day moving average and the 2,400 SAT support zone. This alignment, a beacon of hope for the bulls, suggests that holding above this level could reignite buying fervor.

However, the RSI, now at 48, signals that the momentum from the July rally has waned, implying that XRP might oscillate within the 2,400 SAT to 3,000 SAT range in the immediate future. A decisive breach above 3,000 SAT could pave the way to the 3,400 SAT zone, while a slip below 2,400 SAT could cast a shadow over the bulls, potentially leading to a test of the 2,000 SAT support. For now, the structure remains bullish, as long as higher lows persist.

 

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2025-08-15 20:10