XRP is trading around $1.33 as the altcoin drifts lower with no meaningful catalyst in sight. The broader markets are in a wait-and-see mode around the US-Iran ceasefire developments, offering no relief for XRP. The price is approaching a critical support zone near $1.20, the last line of defense since February, with the USDT pair remaining firmly bearish.
On the chart, XRP remains inside a descending channel, with the 100-day MA around $1.60 and the 200-day MA around $1.90 declining overhead. The RSI sits in the low-to-mid 40s, indicating there is room to the downside before any mean-reversion bounce. A reclaim of at least $1.60—the channel’s upper boundary and the MA convergence—would be necessary to sustain a recovery thesis.
Below $1.20, the next meaningful support sits at $1.00, with little structural backing between those levels. The XRP/BTC pair has deteriorated more sharply than the USDT pair, trading near 1,864 sats, well below the 2,000-sat level that had offered some support. The BTC-side 100-day MA around 2,100 sats and 200-day MA around 2,200 sats remain overhead and declining, and the RSI has dropped to the low- to mid-20s, signaling oversold conditions but no imminent reversal.
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