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Ripple Price Analysis: How Likely Is a Crash to $0.60 as XRP Tests $1 Support?

XRP remains under sustained selling pressure, with the broader trend continuing to favor the sellers. The USDT chart shows the price on the verge of breaking a major support area after another leg lower, while the XRP/BTC pair has also slipped back toward a key floor, highlighting the token’s ongoing weakness against Bitcoin.

Ripple Price Analysis: The USDT Pair

On the USDT pair, XRP has extended its long-term downtrend while respecting a descending channel that has capped the price action for several months. The asset is currently trading around $1.04 after almost losing the key $1.10 support zone, which has now turned into immediate resistance.

The asset also remains below the 100-day and 200-day moving averages, with the 100-day sitting near $1.25 and the 200-day around $1.5. Both averages continue to slope downward, reinforcing the bearish market structure. Meanwhile, the upper boundary of the descending channel is converging with these moving averages, creating a strong resistance cluster that buyers would need to reclaim before any meaningful trend reversal could be considered.

On the downside, the current support zone around $1.00 is being tested. A confirmed breakdown below this area could expose the next major demand region around $0.60. Momentum also continues to deteriorate, with the RSI falling toward the oversold territory, which suggests bearish pressure remains dominant even though short-term relief bounces cannot be ruled out.

As long as XRP remains below the descending channel resistance and the major moving averages, the broader market structure continues to favor sellers despite the recent stabilization.

The BTC Pair

Against Bitcoin, XRP is also trading inside a well-defined descending channel. This shows persistent relative weakness throughout the past several months. The pair is currently trading around 1,720 sats while sitting directly on a horizontal support level that has repeatedly attracted buyers since May.

However, the broader technical picture remains bearish. The price is trading below both the 100-day and 200-day moving averages, which are located around 1,850 sats and 2,000 sats, respectively, while both averages continue to trend lower. As a result, any recovery attempt is likely to encounter heavy resistance around the 1,850 to 2,000 sats region, followed by the upper boundary of the descending channel.

If the current support at roughly 1,700 sats fails to hold, sellers could target the lower boundary of the channel near the 1,500 sats area. Conversely, defending this level could allow for another short-term rebound toward the channel resistance, although the overall structure would remain bearish unless XRP manages to reclaim the major moving averages and establish higher highs.

 

A publicação Ripple Price Analysis: How Likely Is a Crash to $0.60 as XRP Tests $1 Support? apareceu primeiro em CryptoPotato.


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