XRP remains entrenched in a sustained downtrend eight months after its July 2025 peak, facing bearish momentum against both the U.S. dollar and Bitcoin. The price is currently trapped below key moving averages within a descending channel as Q1 2026 concludes, with critical support holding near the February low of $1.20.
XRP is trading around $1.42 following a bounce from its February low near $1.20, which has held as key horizontal support. The recovery remains shallow, however, with the price still well beneath the 100-day and 200-day moving averages at approximately $1.80 and $2.10, respectively.
A sustained close above $1.80 would signal a return of bullish momentum, while a breakdown below $1.20 could expose XRP to a retest of the $1.00 psychological level. The RSI has recovered from oversold territory but is hovering around the midpoint, offering no clear directional conviction.
Against Bitcoin, XRP/BTC hovers near 2,020 sats, deep within a months-long descending channel and below both key moving averages. The 500 sats resistance band has capped every recovery attempt since October 2025.
The 2,000 sats support zone has held on a closing basis, and the RSI is recovering from its most oversold level of the correction cycle. Unless XRP breaks above the channel’s upper trendline and reclaims the 100-day and 200-day moving averages, the path of least resistance remains to the downside.
