XRP/USDT is showing a clear short-term downtrend on the 1-hour chart, with price currently trading around 1.55 after a steady series of lower highs and lower lows. The rejection near the 1.94 zone marked the local top, followed by strong selling pressure that pushed price toward the 1.50 support area. Moving averages are stacked bearishly, with price holding below the MA5, MA10, and MA30, signaling continued weakness in momentum.

Volume has been relatively muted compared to the earlier selloff, suggesting selling pressure is slowing, but buyers have not yet stepped in with conviction. The MACD remains below the zero line, with weak histogram bars, indicating bearish momentum is still present but losing strength. This often precedes a consolidation phase rather than an immediate reversal.
Key support to watch lies around 1.50–1.52, which has acted as a temporary floor. A clean break below could open the door for further downside. On the upside, resistance sits near 1.59–1.62, where price has repeatedly failed to reclaim moving averages.
Overall, XRP appears to be in a cautious, wait-and-see zone. Traders may prefer patience, watching for either a confirmed breakdown or a reclaim of resistance before committing to a directional move.
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