Bitcoin News
By Dan Saada
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RSI Divergence Offers Faint Hope. There's one thing worth watching on the USDT chart, and it's not the price itself.
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XRP/BTC Pair Near Multi-Month Lows. The BTC pair is arguably in worse shape. XRP is trading close to multi-month lows against Bitcoin,…
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XRP is in rough shape. The token can't hold ground against either USDT or BTC right now, and the chart isn't doing sellers any favors — or buyers, for that matter.
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On the daily USDT pair, XRP has been stuck inside a descending channel for weeks. Price sits below both the 100-day and the 200-day moving averages, and both of those averages…
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XRP lost the $1.25 level back in early June. Since then, it's been leaning on the $1 zone for support. That's the line in the sand.
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There's one thing worth watching on the USDT chart, and it's not the price itself. The RSI is showing higher lows even as price keeps making lower lows near that $1 support zone.
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It's not a green light. Not even close. A divergence on the RSI doesn't flip a trend on its own.
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And the broader structure hasn't changed. XRP is in a descending channel. It's below its major moving averages. Sellers are basically running the show.
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The BTC pair is arguably in worse shape. XRP is trading close to multi-month lows against Bitcoin, and the technical picture there is just as murky.
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See also: Tether Backs Mercado Bitcoin as MiCA Squeezes USDT Out of Europe
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Right now, the pair is testing support around 1,700 sats. That's the consolidation floor — the level that's been keeping the current range intact.
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For buyers to get back in control on the BTC pair, they'd need to push price back above 1,850 sats.
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That's been the pattern. Rallies fade. Resistance holds. The downtrend continues.
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It's hard to say when that changes. The 1,700 sats level is critical right now, and the market is sitting right on top of it.
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More context: American Bitcoin Surpasses 8,000 BTC, Focuses on Accumulation Amid Q1 Losses
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