{"id":44287,"date":"2026-06-02T12:31:12","date_gmt":"2026-06-02T12:31:12","guid":{"rendered":"https:\/\/financialrush.com\/?p=44287"},"modified":"2026-06-02T12:31:12","modified_gmt":"2026-06-02T12:31:12","slug":"xrp-shows-deeper-correction-signs-against-both-usd-and-btc","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=44287","title":{"rendered":"XRP Shows Deeper Correction Signs Against Both USD and BTC"},"content":{"rendered":"

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Ripple\u2019s XRP remains under pressure against both the US dollar and Bitcoin, with the price action continuing to respect a broader bearish structure. The daily charts show the token trading below key moving averages while approaching important support zones that could determine the next major directional move.<\/p>\n

Ripple Price Analysis: The Daily Chart<\/h2>\n

Against the US dollar, XRP is trading near $1.26 after another rejection from the descending channel resistance. The asset remains capped below both the 100-day moving average around $1.4 and the 200-day moving average near $1.65, highlighting the lack of bullish momentum on the higher timeframe.<\/p>\n

The broader trend continues to favor sellers as XRP remains confined within a well-defined downward channel. Recent attempts to reclaim the 100-day MA failed, leading to another leg lower toward the lower half of the channel. Immediate support is located around the $1.1 to $1.2 demand zone, which has already acted as a significant reaction area earlier in the year.<\/p>\n

A breakdown below this region could expose the channel\u2019s lower boundary and potentially trigger a deeper correction.<\/p>\n

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XRP\/BTC Chart<\/h2>\n

From a relative-strength perspective, the XRP\/BTC chart paints a similarly weak picture. The pair remains inside a long-term descending channel while trading beneath both the 100-day and 200-day moving averages. Despite a recent bounce from the local bottom around 1,740 sats, the recovery has so far been limited and remains below the nearest resistance zone around 1,850 sats.<\/p>\n

However, the pair is currently testing a nearby supply zone around 1,850 sats. A successful breakout above this level could open the door toward the broader resistance region between 1,950 and 2,050 sats, where the 100-day moving average is also located. Failure to reclaim this area would keep the bearish market structure intact and increase the likelihood of another retest of the recent lows.<\/p>\n

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