#Ripple
📉 Ripple ($XRP ) on the brink: will the last frontier hold?
The situation around XRP is becoming increasingly tense. The price is trapped in a descending channel, and key support levels are being tested for strength.
📊 XRP/USDT pair: Fighting for $1.20
Currently, the asset is trading around $1.34, but the overall structure remains bearish.
• Critical zone: $1.20. If the price falls below, it could trigger a cascade of liquidations and a drop well below $1.
• Resistance: To change the trend, buyers need to break above the $1.75-$1.80 zone. As long as XRP is below the moving averages (100-day and 200-day), the initiative is on the side of the sellers.
📉 XRP/BTC Pair: Alarming Signals
The chart for Bitcoin confirms the cautious mood of the market:
• The price is fluctuating around the 2,000 satoshi mark.
• Risk: A break below this level opens the way to 1,600 or even 1,500 satoshi. This could drive the asset into a depressed state for a long time.
• Barrier: The main obstacle to growth is the resistance cluster in the 2,100–2,200 satoshi area.
⚠️ Conclusion: $XRP is in a consolidation phase, but the pressure from the bears is not abating. The $1.20 level is a “line in the sand” that should not be given to buyers under any circumstances.
