XRP keeps consolidating tight on both USDT and Bitcoin pairs while the bigger picture still tilts seller side. Fresh signals though show downside pressure cooling as key support defends with early bullish divergence flickering in. 🖤
USDT Pair Breakdown 🌙
Against USDT, XRP stays locked inside its descending channel trading beneath the 100-day and 200-day moving averages so higher timeframe structure stays bearish despite the pause. Price clings near the 1.08 support zone that lines up with a major demand area. Sellers could not push lower after June’s drop letting XRP form a base above it. RSI prints clear bullish divergence via higher lows against price lower lows signaling fading bear momentum and lifting chances for relief if buyers reclaim ground. Immediate resistance sits at the 1.15 supply zone with heavier pushback near the 100-day average around 1.25. A break above would brighten the view but a drop under 1 could open the channel floor near 0.80.
BTC Pair Moves 🦇
On the Bitcoin chart XRP lingers inside a long descending channel showing ongoing relative softness below key averages with no broader shift yet. A quick fake breakdown under 1700 sats got reclaimed fast hinting at a liquidity sweep before the range held. Resistance waits at 1850 sats then a firmer supply around 2000 where horizontal levels meet the falling 200-day average. Clearing those would back a path toward the channel top. Holding above 1700 keeps the setup alive for more upside while a daily close under it would flip things bearish toward 1500 sats.
Just another echo from the void by iconofsin.eth 💖
