Is XRP Poised for an Uptrend? Expert Highlights Positive Trend Channel

Despite XRP's recent 15% weekly drop, trading at $1.37, an analyst suggests that the Ripple token could soon see a positive turnaround. This is based on a long-term ascending channel with support between $0.85-$0.95, a range that could attract institutional capital. The analyst’s optimism is not only based on chart patterns but also five macro developments, including the resolution of Ripple’s SEC lawsuit and the institutional integration of Ripple’s technology. Despite bearish sentiments, XRP has a history of significant recoveries from prolonged downturns. For instance, after trading near $0.30 for months during the 2018 bear market, it rallied to $1.70 in April 2021 and hit an all-time high of $3.65 in July 2025. The analyst believes the macro environment is pointing up, suggesting a potential reversal.