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2026-06-08 13:52:14

Ripple Price Analysis: Is XRP Ready for a Comeback After Reclaiming Major Support?

XRP remains under pressure on higher timeframes after extending its decline within a broad descending channel. However, the asset is now attempting to stabilize above an important support region while showing early signs of recovery against Bitcoin. The coming sessions could determine whether it can establish a meaningful bottom or continue its longer-term downtrend. Ripple Price Analysis: The USDT Pair On the daily timeframe, XRP has recently broken below the local support around $1.30 and quickly dropped into a major demand zone between $1.10 and $1.20. This region has historically attracted buyers and once again produced a reaction, with the price rebounding after briefly dipping below the lower boundary of the zone. Despite the bounce, the broader market structure remains bearish. XRP continues to trade inside a long-term descending channel while remaining below both the 100-day moving average at approximately $1.35 and the 200-day moving average near $1.60. The bearish alignment of these moving averages suggests that sellers still maintain control of the higher-timeframe trend. For the buyers, the first challenge is reclaiming the 100-day MA and turning the $1.35-$1.40 region into support. A successful recovery above that area could open the door for a move toward the next major resistance zone around $1.80. On the downside, failure to hold the current support between could expose the channel’s lower boundary and potentially trigger another leg lower. Meanwhile, the RSI has recovered from near-oversold conditions and currently sits around 33, indicating that bearish momentum has eased slightly, although no strong bullish reversal signal has emerged yet. The BTC Pair Against Bitcoin, XRP appears to be showing more constructive price action after several months of underperformance. The pair recently found support near 1,700 sats and has since produced a series of higher lows, suggesting that selling pressure may be weakening. The price is currently trading around the 1,820 SAT region, which coincides with an important resistance area and sits just beneath the declining 100-day moving average. A decisive breakout above this zone could strengthen the recovery narrative and allow XRP to target the next resistance area around 2,000 sats, where the 200-day moving average is also located. The broader trend, nevertheless, remains negative, as the pair is still trading inside a long-term descending channel and below both the 100-day and 200-day moving averages. As a result, any bullish continuation will likely require a sustained break above the 1,850 sats resistance cluster. Moreover, the RSI on the BTC pair has improved notably and is hovering near the neutral 55 level, reflecting strengthening momentum compared to the USDT chart. As long as XRP holds above the 1,700 sat support, the probability of an extension toward higher resistance levels remains elevated. However, a breakdown below that floor would invalidate the recent recovery structure and shift focus toward the lower channel support near 1,500 sats. The post Ripple Price Analysis: Is XRP Ready for a Comeback After Reclaiming Major Support? appeared first on CryptoPotato .

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