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2026-07-02 13:58:23

Ripple Price Analysis: Bullish Divergence Emerges as XRP Defends $1 Support Zone

XRP continues to consolidate in a narrow range on both USDT and Bitcoin-paired charts, with the broader trend still favoring the sellers. However, the latest technical signals suggest downside momentum may be fading as the market defends key support while early signs of bullish divergence begin to emerge. Ripple Price Analysis: The USDT Pair Against USDT, XRP remains confined within a well-defined descending channel, with the price trading below the 100-day and 200-day moving averages. This keeps the higher time frame structure bearish despite the recent stabilization. The asset is currently holding around the $1.08 support area, which also coincides with a major horizontal demand zone. After the sharp sell-off in June, sellers have so far failed to extend the decline, allowing XRP to build a short-term base above support. The RSI has formed a clear bullish divergence, printing higher lows while the price registered lower lows. This typically signals weakening bearish momentum and raises the probability of a relief rally if buyers manage to reclaim higher levels. The first resistance lies around the $1.15 supply zone, while stronger resistance remains near the 100-day moving average around the $1.25 region. A recovery above these levels would improve the broader outlook, whereas losing the $1 support could expose the lower boundary of the channel near $0.80. Source: TradingView The BTC Pair Against Bitcoin, XRP is also trading inside a long-term descending channel, reflecting persistent relative weakness. The pair remains below the major moving averages, indicating that the broader trend has yet to shift in favor of XRP. Recently, XRP briefly broke below the key 1,700 sats low before quickly reclaiming it, creating what appears to be a fake breakdown. This rejection below support suggests sellers failed to maintain control and may have triggered a liquidity sweep before the price recovered back into the previous range. Despite the recovery, the pair still faces immediate resistance around 1,850 sats, with a stronger supply zone located near 2,000 sats, where horizontal resistance converges with the declining 200-day moving average. A decisive move above these levels would strengthen the case for a broader recovery toward the upper boundary of the channel. As long as XRP holds above 1,700 sats, the fake breakout scenario remains valid and could support additional upside. However, a confirmed daily close below this level would invalidate the bullish setup and likely open the door for another leg lower toward the critical 1,500 sats support area. Source: TradingView The post Ripple Price Analysis: Bullish Divergence Emerges as XRP Defends $1 Support Zone appeared first on CryptoPotato .

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