Ripple Price Analysis: Bears Take Control and Eye $2 for XRP

After weeks of steady decline following its summer rally, XRP is now attempting to recover from significant technical damage on both the USDT and BTC ￰0￱ the macro structure still holds some bullish characteristics, the recent breakdowns highlight growing uncertainty, with buyers now needing to reclaim key levels to regain ￰1￱ Analysis By Shayan The USDT Pair XRP is on the verge of breaking below the ascending channel it had been respecting for most of the ￰2￱ price dipped sharply toward the $2.00 area before showing signs of recovery, now trading around $2.46. The 100-day and 200-day moving averages (blue and orange) have also now turned into resistance elements above the price at around the $2.90 and $2.60 levels, ￰3￱ altcoin needs to reclaim these moving averages quickly to avoid further bearish ￰4￱ the current rebound fails and price rolls over again, the $2.00 level may be retested, with a deeper drop into the $1.00 – $1.30 demand zone becoming more likely.