XRP is still facing downward pressure against both the US dollar and Bitcoin, continuing a general trend of declining prices. Currently, the price is below important moving averages and is nearing key support levels, which will likely influence where the price goes next.
Ripple Price Analysis: The Daily Chart
XRP is currently trading around $1.26 against the US dollar, but it’s struggling to break past a key resistance level. It remains below its 100-day and 200-day moving averages, at approximately $1.40 and $1.65 respectively, indicating a continuing lack of strong upward price movement.
XRP is still trending downwards, and sellers maintain control. The price has struggled to break above its long-term moving average, causing it to fall back towards the lower end of its current trading range. Currently, the price is finding some support between $1.10 and $1.20, an area where buyers stepped in earlier this year.
From my analysis, if we see a decisive break below this current level, it could reveal support at the lower boundary of the channel. This, in turn, might lead to a more significant downturn or correction in price.
XRP/BTC Chart
Looking at how XRP is performing compared to Bitcoin, the chart isn’t encouraging. XRP/BTC is still trending downwards within a long-term channel and remains below its 100-day and 200-day moving averages. While it recently rebounded from a low around 1,740 sats, this recovery hasn’t been strong and is currently facing resistance around 1,850 sats.
Currently, the price is being tested near a supply zone around 1,850 sats. If the price rises above this level, it could move towards a larger resistance area between 1,950 and 2,050 sats, which also includes the 100-day moving average. If it fails to break through, the downward trend will likely continue, and the price may fall to recent lows again.
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2026-06-02 15:36