Ripple’s price has been consolidating over the past few weeks following a strong uptrend against both USDT and BTC.

Given its current position, the market still appears poised for at least one more rally before a potential reversal takes shape.

Technical Analysis

By Shayan

The USDT Pair

On the USDT chart, Ripples token has been consolidating within a symmetrical triangle, positioned just beneath the upper boundary of the broader ascending channel that has guided the price action in recent months. Since symmetrical triangles can resolve in either direction, the next decisive breakout will determine the market’s trajectory.

Currently, XRP is trading above both the 100-day and 200-day moving averages, which have recently shown a bullish crossover. This setup favors a breakout to the upside, potentially carrying the price beyond both the triangle and the larger channel. However, if XRP falls back below these moving averages, the outlook would turn bearish, opening the door for a decline toward the $2.10 support zone.

The BTC Pair

On the XRP/BTC chart, the price has also been consolidating, mirroring the USDT pair’s behavior after breaking out of a descending channel and moving above both the 100-day and 200-day moving averages. The key difference here is that these moving averages have not yet formed a bullish crossover, suggesting the market may not be ready for a decisive breakout just yet.

Still, with the asset holding above both moving averages and the critical 2,400 SAT support area, the outlook remains constructive. If momentum builds, a rally toward the 3,000 SAT level seems likely, with even a potential retest of the 3,400 SAT resistance zone on the table.

SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.