Ripple Price Analysis: Is This XRP’s Calm Before the Next Crash?
Main Idea
Ripple's XRP token is experiencing a pullback after a recent price surge, with key resistance levels indicating potential short-term declines.
Key Points
1. XRP/USDT has rejected the $3.50 resistance and is now testing support around $3.00.
2. The RSI has cooled from overbought levels to around 59, providing some relief for buyers.
3. Failure to hold the $3.00 support could lead to further declines toward $2.50, where key moving averages are located.
4. XRP/BTC has retreated into a fair value gap around 2,680 SAT after failing to break the 3,200 SAT resistance.
5. A retest of the 2,400 SAT region is possible if support fails, while holding could set the stage for a rebound.
Description
Ripple’s native token has cooled off following its recent push higher, and both XRP/USDT and XRP/BTC charts suggest this pullback may still have room to develop further. While the broader structure remains bullish, price action is consolidating just below key resistance levels, hinting at a possible short-term reset before resuming its uptrend. Technical Analysis By ShayanMarkets The USDT Pair On the XRP/USDT daily chart, the price has rejected the $3.50 horizontal resistance zone and is now fin...
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