XRP fell through local support around $1.30 this week and touched its demand zone between $1.10 and $1.20 before bouncing. The recovery has so far failed to reclaim the 100-day moving average near $1.35, leaving the token stuck inside a long-term descending channel that has defined its price action for months.
Inside the drop and bounce
The slide accelerated after XRP lost the $1.30 level, a support that had held for several sessions. Sellers pushed the price into the $1.10–$1.20 demand area, where buyers stepped in. The resulting rebound took it back above $1.30 intraday, but the move stalled around $1.34 — just shy of the 100-day MA at roughly $1.35. That moving average, along with the 200-day MA at about $1.60, has capped upside for weeks.
The RSI on the USDT pair recovered from near-oversold levels to around 33, suggesting the bearish momentum has eased. But the indicator isn't flashing a strong bullish reversal signal yet.
XRP/BTC shows relative strength
Against Bitcoin, XRP found support near 1700 sats and has formed higher lows. It now trades around 1820 sats, just under the declining 100-day moving average on that pair. A decisive breakout above 1820 sats could open a path to the 2000 sat area, where the 200-day MA sits. The RSI on the BTC pair has improved to near 55, indicating stronger momentum on the BTC cross than on the dollar-denominated chart.
The broader trend for the XRP/BTC pair remains negative, though — it's still inside a long-term descending channel and below both moving averages.
Levels to watch now
For the USDT pair, the first challenge for buyers is reclaiming the $1.35–$1.40 zone as support. If that happens, the next major resistance cluster sits around $1.80. Failure to hold the current support between $1.10 and $1.20 would target the descending channel's lower boundary, likely triggering a further decline.
On the BTC side, as long as XRP stays above 1700 sats, the probability of an extension toward higher resistance remains elevated. A breakdown below that level could shift focus to 1500 sats.
The RSI readings on both pairs have improved from oversold territory, but neither chart has confirmed a trend change. The next move likely depends on whether XRP can hold the $1.10–$1.20 floor and push through the 100-day MA in the coming sessions.
