Overview
$XRP continues to trade under pressure as price remains confined within a well-defined descending channel on the 4-hour timeframe. Despite minor recovery attempts, the market has failed to produce a confirmed breakout, keeping the short-term bias bearish.
As long as XRP remains below channel resistance, downside continuation remains the higher-probability scenario.
Chart Details
Asset: $XRP
Pair: XRP / USDT
Exchange: Binance
Timeframe: 4-Hour (H4)
Market Condition: Bearish Consolidation
Technical Analysis
1. Descending Channel Structure
Price action has respected a falling channel since August, indicating controlled selling pressure.
Multiple rejection points from the upper boundary confirm the strength of this bearish structure.
2. Fibonacci Confluence Levels
0.618 Fibonacci Support: 2.5572 USDT
A key structural level that previously acted as demand.
0.236 Fibonacci Level: 1.9244 USDT
Located near the lower boundary of the channel and aligns with the projected short-term downside target.
3. Momentum Analysis
The Stochastic Oscillator is hovering near 44.00, reflecting weak momentum and a lack of bullish strength.
This reading supports the possibility of continued downside pressure rather than an immediate reversal.
Short-Term Outlook
If XRP fails to break above the descending channel resistance, price is likely to continue drifting lower toward the 1.92 USDT region. This level represents a confluence of Fibonacci support and channel structure, making it a natural magnet for price in the short term.
A trend shift would only be confirmed on a clean breakout above the channel, accompanied by improving momentum and volume.
Key Levels to Watch
Resistance: Upper boundary of the falling channel
Support: 2.5572 USDT
Short-Term Target: 1.9244 USDT
Conclusion
$XRP remains technically weak while trading inside a descending channel. Until a structural breakout occurs, bearish continuation toward $1.92 remains the dominant scenario.
📌 Always wait for confirmation, manage risk carefully, and conduct your own research.
