Analysis of Ripple's Value: XRP Dips Under $2, Could it Plummet to $1.8 Next?

XRP, after weeks of lackluster performance, continues a gradual decline in both its USDT and BTC pairs. The price seems trapped below significant moving averages without signs of bullish momentum or a notable shift in the structure. Any attempts at recovery are being met with resistance. On the USDT daily chart, XRP is still adhering to the downward trend that began in August, with the price now well below the 100-day and 200-day moving averages. Currently trading around $2.01, XRP is dangerously close to the $1.80 demand zone. Against Bitcoin, XRP has also fallen from its ascending channel pattern. With both the 100-day and 200-day moving averages now acting as resistance, the future looks bleak for XRP unless a reversal in the trend occurs.