XRP’s Troubles: A Most Unfortunate Chart 📉

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It would appear that Mr. XRP, having enjoyed a brief and rather impertinent resurgence earlier in the month, finds himself once more in a state of… correction. Against the steadier, more respectable USDT, he has managed to maintain a semblance of composure above a certain level of demand, but to reclaim his former standing? Alas, it seems a prospect quite beyond his reach. One might almost pity the poor fellow, were he not so prone to speculative ventures. 🙄

And as for his comparison to Bitcoin! A most dismal affair, indeed. He remains, to put it bluntly, in a decided decline, having briefly attempted to rise above his station, only to be promptly reminded of his limitations. Until he can demonstrate a more consistent upward trajectory, and hold himself above certain crucial averages, it is clear that Bitcoin maintains a most decided advantage. One does wonder if Mr. XRP shall ever learn. 🤔

Concerning the Pairing with USDT

Observing the charts of XRP and USDT, one finds that the price did rebound somewhat from the support level of $1.80, briefly ascending towards the $2.40 mark, only to be met with… resistance, shall we say? A most discouraging encounter with the 100-day moving average, and a distinct unwillingness to approach the 200-day. It appears the market, having indulged in a moment of optimism, has returned to a more cautious, even corrective, disposition. A trend reversal? Not yet, one suspects.

Indeed, the recent cooling of the RSI, after a period of quite unseemly over-exuberance, suggests a transition from bold impulses to a more subdued consolidation. Should the price hold above $2.00, perhaps a further, though hesitant, attempt at $2.40 might be contemplated. But should it fall below that mark, one fears a descent back towards the $1.80 level is most probable. A most unsettling prospect! 😟

And Now, the State of Matters with BTC

Turning our attention to the pairing with Bitcoin, the situation is, if anything, even less encouraging. XRP has once again been rebuffed in his attempts to breach the resistance levels of 2,400-2,500 sats, a zone conveniently coinciding with the aforementioned 200-day moving average. After this unsuccessful endeavor, he has retreated, trading now around 2,150 sats, with the RSI exhibiting a most unappetizing downward trend. It is, in short, a continuation of the existing, unfortunate pattern. 😩

Unless a more sustained recovery can be achieved – a return above 2,400 sats, and a firm grasp of those elusive moving averages – it appears unlikely that XRP will enjoy any significant improvement in his relative strength. One might suggest a complete re-evaluation of strategy, but one suspects such advice would fall on deaf ears. Perhaps a cup of tea and a quiet contemplation of his circumstances are in order. ☕

 

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2026-01-18 18:53