XRP Faces Bearish Pressure — $1.20 Support Tested, Resistance Near $1.90–$2.30
XRP is under sustained bearish pressure across USDT and BTC pairs, trading inside a descending channel and printing lower highs and lower lows. On XRP/USDT, recent bounces from the $1.20 demand zone failed to reclaim the $1.80 supply area; price remains below the channel midline and the 100-day and 200-day moving averages near $1.90 and $2.30 respectively. RSI sits below 50, indicating weak bullish momentum. On XRP/BTC, XRP trades below the 100-day and 200-day moving averages (above ~2,200 sats), rejected at the 2,200–2,400 sats zone and compressing near a horizontal support band at ~2,000 sats. A break below these supports could prompt further downside; reclaiming the moving average cluster would signal relative strength versus BTC. Key takeaways for traders: primary support at $1.20 is critical, overhead resistance cluster near $1.90–$2.30 (USDT) and 2,200–2,400 sats (BTC) must be reclaimed to shift bias, and momentum indicators remain bearish/neutral. Monitor breakdown or successful retest of the $1.20 zone and moving average reclaim for trading signals.
Bearish
The article describes a clear technical downtrend for XRP on both USDT and BTC pairs: price is inside a descending channel, making lower highs/lows, trading below the 100- and 200-day moving averages, and with RSI below 50. These are standard bearish signals that increase downside risk. Key structural support at $1.20 is being tested — a breakdown would likely trigger accelerated selling and stop-loss cascades from traders using those levels. On the BTC pair, failure to reclaim the 2,200–2,400 sats resistance and compression near 2,000 sats suggest relative weakness versus Bitcoin; continued underperformance versus BTC could reduce altcoin inflows. Conversely, reclaiming the moving average cluster would be required to shift the bias toward bullish. Historically, similar setups (descending channel, sustained trading below long-term moving averages, RSI under 50) often precede further declines or prolonged consolidation before a decisive trend reversal. Short-term impact: elevated risk of further downside and greater volatility around $1.20 — traders may prefer short or neutral stances, use tight risk controls, or wait for confirmation. Long-term impact: unless price sustains above the 100/200-day MA cluster and mid-channel resistance, the broader trend remains bearish and could keep XRP range-bound or lower until macro or on-chain catalysts restore buying pressure.