$XRP is no longer bleeding inside that old descending channel. It already broke out and is now consolidating just under the $1.50 supply zone.

That level is everything short term.

It lines up with prior breakdown structure and is acting as the current ceiling. As long as price holds above the broken trendline and keeps printing higher lows on this 4H structure, pressure builds.

Immediate support sits at $1.30. Lose that and the market likely rotates back toward $1.10, which is the real invalidation zone for this recovery attempt.

But if $1.50 gets flipped into support with clean acceptance, the chart opens up quickly toward $1.90, then $2.10.

So while price looks “boring,” the structure is quietly improving. If that continues, it would not be surprising to see price eventually catch up to the underlying growth narrative.