Ripple Price Analysis: XRP Looks Bullish Against USD but the BTC Pair Tells a Different Story
XRP has staged a sharp recovery from its August lows against USDT, breaking above the descending large channel and reclaiming key moving-average levels. However, the rally has now reached a major resistance area around $1.50, while momentum is beginning to cool down.
The broader structure is therefore improving, but the token still needs a sustained breakout above this supply zone. Meanwhile, the XRP/BTC pair is also lagging behind, which is a notable development to watch.
Ripple Price Analysis: The USDT Pair XRP spent much of the year trading inside a broad descending structure, with the descending trendlines defining the dominant downtrend.
The latest move represents a significant structural shift, as price surged from around $1.00 and decisively broke above the upper descending trendline as well as the 100-day and 200-day moving averages, located around $1.15 and $1.30 levels, respectively.
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