XRP Corrective After 11% Weekly Drop — $1.80 Support and 2,400 sats Resistance Key
XRP remains in a corrective phase after an 11% weekly decline, failing to reverse a medium-term downtrend. On XRP/USDT, price hit resistance at the $2.40 supply zone, met declining 100‑day and 200‑day moving averages, and pulled back toward the $1.80 demand zone. Daily RSI is below 50, showing fading upside momentum. Holding above $1.80 preserves a higher-low structure and keeps a move to $2.40 (and the 200‑day MA) possible; a close below $1.80 raises the risk of a deeper retracement toward $1.50 or lower. On XRP/BTC, XRP underperformed Bitcoin: it rejected near 2,400 sats (around the 200‑day MA), dropped beneath the 100‑day MA (~2,200 sats) and moved toward ~2,000 sats where dip-buying appeared but no reversal was confirmed. Key levels to watch: $1.80 and $1.50 (USD), the 100/200‑day moving averages, and the XRPBTC 2,000–2,400 sats range. Traders should watch for a sustained break and hold above 2,400 sats and the daily MAs (for relative strength vs BTC) or a break below $1.80 (for further USD weakness).
Bearish
The combined reports show XRP remains capped by declining 100‑ and 200‑day moving averages and a clear supply zone near $2.40, while momentum indicators (daily RSI) have turned lower. The USDT pair is testing a critical $1.80 demand zone — a break below it would likely trigger deeper losses toward $1.50 or lower. Relative to Bitcoin, XRP has underperformed and failed to reclaim key moving averages, rejecting near 2,400 sats and sliding toward 2,000 sats; without a confirmed higher low above 2,000 sats and a reclaim of the daily MAs, rallies are likely corrective. For traders, this implies elevated downside risk in both the near term (possible intraday/weekly drops if $1.80 fails) and medium term (continued pressure until moving averages and the 2,400 sats resistance are decisively overcome). Risk management should prioritize stops below $1.80 and watch for any sustained break above the 100/200‑day MAs or 2,400 sats as the only credible bullish trigger.