XRP Struggles as It Breaks Key Support Level on BTC Pair

According to CryptoPotato, Ripple's XRP is facing challenges as it trends lower against USDT and breaks below a crucial support level on the BTC pair. Technical analysis by TradingRage reveals that XRP has been making lower highs and lows within a large descending channel against USDT. Since falling below the 200-day moving average, which is currently around the $0.6 mark, there have been no signs of recovery. The market is more likely to drop towards the lower boundary of the channel in the coming weeks before a bullish reversal can be expected. On the weekly chart of the XRPBTC pair, the situation appears even more concerning. The cryptocurrency broke below the key 1200 SAT level last week. If the market does not climb back above this level soon, the next potential target for the downtrend would be the 800 SAT support level. With the Relative Strength Index showing values lower than 50%, the probability of further downside is currently significant.