$XRP is currently trading inside a well-defined descending channel on the daily timeframe, a structure that often signals a potential bullish reversal. Price has consistently respected this channel, facing rejection near resistance and bouncing strongly from the lower boundary.
At the moment, $XRP is once again approaching the base of the channel, where a reaction is expected around the $1.40–$1.35 zone.
If buyers step in as before, this area could act as a solid demand region.
A successful bounce from here may open the door for a move toward the channel’s mid-range.
Short-term target: $1.55–$1.60, aligning with mid-level resistance.
Market structure remains interesting—patience and confirmation are key.
XRPUSDT
Perpetuu
1.1705
-23.29%