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Ripple Price Analysis: XRP Nears Inflection Point, What’s Next?
- XRP is trading within a tight consolidation range as Bitcoin and Ethereum dominate the market.
- XRP's price action shows resilience and holds key support zones in both USDT and BTC pairs.
- XRP is approaching critical inflection points where a breakdown or breakout could determine the next major move.
- In the USDT pair, XRP is within a descending channel pattern, with support near $1.95 and resistance at $2.60.
- RSI near 44 suggests lack of momentum with $1.6 as the next demand zone if $1.95 is breached.
- XRP against Bitcoin shows weakness with lower highs and lows, in a descending wedge pattern.
- The pair is near an imbalance zone that could act as a magnet for price around 1900 SAT.
- A relief bounce is possible if buyers step in near 2200 SAT, but the pair remains in a bearish structure.
- A breakout above $2.60 for USDT pair and 2200 SAT for BTC pair could indicate a shift in momentum.
- Ripple Price Analysis conducted by ShayanMarkets.
- XRP's price action is currently neutral, favoring range traders over trend-followers.
- The asset is coiling above a highlighted liquidity level, awaiting a potential breakout or breakdown.
- XRP's BTC pair is locked in a bearish structure with potential for a relief bounce near 1900 SAT.
- XRP needs to break key resistance levels to confirm a bullish rally in the short term.
- Both charts indicate XRP is at a crucial juncture with inflection points determining future price action.
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