Ripple analysis showed XRP(XRP) still under seller control as the token tested $1 support and risked a deeper slide toward $0.60. Key Points: XRP traded near $1.04 after losing ground around
Ripple analysis showed XRP(XRP) still under seller control as the token tested $1 support and risked a deeper slide toward $0.60.
- XRP traded near $1.04 after losing ground around the former $1.10 support zone.
- The token remains below its 100-day and 200-day moving averages on both major pairs.
- A confirmed break below $1 could expose $0.60, while XRP/BTC could test 1,500 sats.
CryptoPotato analyst Shayan Markets said XRP’s broader trend still favors sellers, with the token extending a months-long decline inside a descending channel.
On the Tether(USDT) pair, XRP traded near $1.04 after nearly losing the $1.10 level, which has now become immediate resistance. The token also stayed below the 100-day moving average near $1.25 and the 200-day moving average near $1.50.
Both averages continue to slope lower, which keeps the bearish structure intact. The upper boundary of the descending channel is also moving toward those averages, creating a resistance cluster that buyers would need to reclaim.
The key test is now the $1 support area. A confirmed breakdown below that level could open the way to the next major demand zone near $0.60, while the Relative Strength Index keeps moving toward oversold territory.
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Against Bitcoin(BTC), XRP also remains inside a descending channel, showing continued weakness against the market’s largest cryptocurrency.
The XRP/BTC pair traded near 1,720 sats and sat directly on a horizontal support level that has drawn buyers several times since May. A loss of roughly 1,700 sats could put the lower channel boundary near 1,500 sats back in focus.
The recovery setup remains limited because XRP trades below the 100-day moving average near 1,850 sats and the 200-day moving average near 2,000 sats. Any rebound would likely meet resistance there before reaching the upper channel line.
The latest setup follows a wider period of weakness in XRP, where repeated support tests have mattered more than isolated rebounds. The current $1 zone is therefore not just another chart level, because a clean loss would shift attention from stabilization to a deeper retest.
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