Is XRP Stuck in the Bearish Trenches? Find Out Why It Can’t Catch a Break!

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Oh, what a sorry state XRP finds itself in! After months of aimless consolidation and playing second fiddle to Bitcoin, the poor thing remains under the thumb of bearish pressure. Both USD and BTC pairs seem to mock it from their lofty heights. Quite the miserable tale, wouldn’t you agree?

Despite its futile attempts to break free and reclaim some semblance of higher ground, the charts scream “not yet, dear XRP,” with no decisive bullish structure to be found. Instead, it hovers aimlessly near key support levels, like a man who’s lost his way but refuses to ask for directions. And all this while Bitcoin continues to dominate the market like a godfather surrounded by eager sycophants. The market participants? They remain cautious, like the cautious old lady crossing the street, never quite certain when it’s safe to move.

Technical Analysis

Ah, ShayanMarkets, our trusty guide through this labyrinth of numbers and misfortune…

The USDT Pair

Here we have XRP/USDT, trapped within a large descending channel—a veritable prison of resistance. That stubborn trendline resistance, forged in the fires of early 2025, won’t give way. Recently, it lost the 100 and 200-day moving averages, both hovering around $2.30. The momentum, it seems, is fading like a candle in the wind.

The RSI, bless its heart, remains at 48—neutral, caught in indecision, much like a person standing at a fork in the road but unable to choose which direction to go. Even the moving averages are flatlining, confirming that, at this point, direction is nothing but a cruel joke.

If you’re a pessimist—like some of us are on Monday mornings—the $2 psychological support zone might offer some solace. But beware, if this level crumbles, the road to $0.9 awaits. On the optimistic side of things, those buyers will need to break through the $3 resistance zone like a bulldozer. But, my dear reader, until that happens, we remain stuck in this bearish-neutral range.

The BTC Pair

And now, the drama continues against Bitcoin—our ever-strong, ever-so-dominant nemesis. XRP/BTC trades just under a major resistance band, flirting with disaster. It seems to have its eyes set on the lower trendline of a multi-month descending channel, which—let’s be real—sounds like an endless game of hopscotch in the rain.

The 100-day moving average is sloping downward, like the inevitable march of time, while the 200-day MA flattens above the price, whispering ominously about bearish momentum taking the lead. Poor XRP just can’t catch a break!

Oh, and did you notice the gap in fair value, that lovely chasm between 1,600 and 1,000 SAT? It was left behind after December 2024’s breakout. Could this gap become the salvation of XRP? Perhaps, but only if the pair fails to hold its current support. As for the RSI? It’s at 43—oh joy, weak momentum, just what we needed. A bit of buying pressure might be nice, don’t you think?

For any hope of regaining some semblance of strength against Bitcoin, XRP needs to reclaim above 2,200 SAT and break free from this descending channel. But let’s not get our hopes up, shall we? The path of least resistance seems to lead downward, as it always does.

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2025-06-16 16:04