XRP has been locked in a steep descending channel, causing significant challenges for bullish momentum and leaving traders uncertain about its next move. The altcoin has consistently faced resistance along the upper boundary of this downward pattern, stalling any recovery efforts and reinforcing a short-term bearish trend.
The descending channel on XRP’s daily chart showcases the ongoing tug-of-war between bulls and bears. Each upward attempt has been denied by the trendline resistance, indicating bearish dominance. The tighter XRP coils within this structure, the more likely it is that a major move—either a breakout or a breakdown—could take place soon.
Bears Control Resistance Zone
Currently, XRP remains subdued after encountering firm rejection at the overhead resistance of the descending channel. This resistance has proven tough, rebuffing several bullish attempts to reverse momentum. The inability to climb past this barrier keeps sellers in control, putting pressure on the cryptocurrency to revisit lower price levels within the channel.
If bearish momentum persists, XRP may revisit the bottom edge of the channel, reinforcing the broader downtrend and testing investor patience. This possibility is further magnified by recurring failures to maintain upward momentum despite temporary gains.
On the flip side, there’s a glimmer of hope for bulls through the Moving Average Convergence Divergence (MACD) indicator, which is nearing a bullish crossover. Should this crossover materialize, it could hint at a potential shift toward positive momentum. Traders are watching this setup closely, particularly because it forms near a zone that many consider technically significant.
However, caution is warranted. Similar patterns in the past have resulted in false signals—brief rallies that fade quickly after initial gains. For any meaningful reversal to occur, XRP must not only show a crossover but also break above the critical resistance paired with rising volume. Without that confirmation, any rally might be short-lived, resulting in another failed breakout within the current volatile conditions.
Support Zone Now Under Threat
XRP is now inching toward the lower support boundary of the descending channel—a level that has historically helped it rebound during downtrends. This area has become the focal point for traders, as holding above this key support could allow bulls to regain short-term momentum and steer the token toward the mid-channel resistance area.
However, a breach below this vital support zone could accelerate losses. A clear breakdown may expose XRP to broader declines and push it toward multi-week lows. One critical level to watch is $0.9353—a target that could become reality if bearish pressure intensifies.
With overall sentiment in flux and price action at an inflection point, XRP’s next major move will likely be determined by whether support holds strong or breaks down. Traders and investors alike are watching closely as the asset hovers over a decision point that could either ignite a renewed rally or deepen the current retracement.
